Zak on HE1's latest RNS13 Dec 2024 18:07
Helium One Global (HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, updated and acknowledged the announcement released today by Blue Star Helium (ASX: BNL) regarding the Galactica-Pegasus project in Las Animas County, Colorado, USA. BNL said the Operator has decided to reschedule the start of drilling into mid-January to avoid standby costs over the Christmas period. The delay to the start of drilling is not expected to affect the overall project development timeline or targeted production commencement, which remains H1 2025.
Comment: Having switched to what is presumably an easier geography in the US, rather than Tanzania, HE1 finds that it is not a party there either.