Helium One Spuds Jackson-27 Well at Galactica Project
Why we think this is neutral
The RNS announcement provides a general update on the spudding of the Jackson-27 well at the Galactica helium project. It does not contain any specific financial or operational metrics that would allow for a more detailed sentiment analysis.
Key Points
- Jackson-27 well spudded at the Galactica helium project
- Currently preparing to drill intermediate hole section
- Well will target the Lyons Sandstone Formation
Summary
The explorer has spudded a new well at its Galactica helium project in Colorado, USA as part of the ongoing development.
Helium One Global (AIM: HE1) has announced the spudding of the Jackson-27 well at its Galactica helium project in Colorado, USA. The well is currently being prepared to drill the intermediate hole section, with plans to target the Lyons Sandstone Formation. Helium One holds a 50% working interest in the Galactica project, which is operated by Blue Star Helium.
GENERAL UPDATE