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(Sharecast News) - Helium One updated the market on the Jackson-31 well at the Galactica Project in Colorado on Wednesday, where it holds a 50% working interest alongside Blue Star Helium.
The AIM-traded firm said Blue Star had confirmed that the drilling rig had been mobilised to the Jackson-31 site in Las Animas County, and was currently being rigged up.
That followed the completion of site preparation and casing delivery, as previously confirmed on 15 January.
Helium One said drilling operations were expected to start shortly after the rigging-up process was complete.
At 1139 GMT, shares in Helium One Global were up 3.86% at 1.05p.
Reporting by Josh White for Sharecast.com.
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