Blue Star Helium ( (AU:BNL) ) just unveiled an announcement.
Blue Star Helium has announced the spudding of the Jackson 4 well at its Galactica helium project in Colorado, which is part of the larger Galactica/Pegasus development. This project, discovered in 2022, has shown promising helium concentrations and gas flows, and the new well is expected to enhance the project’s production capabilities. The development is supported by a joint venture with Helium One Global Ltd, which is funding part of the well’s costs, and is further bolstered by the adjacent Red Rocks helium project. Blue Star is also working on engineering solutions for CO2 removal and helium processing to optimize production.
More about Blue Star Helium
Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) is an independent helium exploration company with operations and exploration in North America. The company’s strategy focuses on discovering and developing new supplies of low-cost, high-grade helium.
YTD Price Performance: 230.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.75M
See more data about BNL stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com