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The latest announcement is out from Blue Star Helium ( (AU:BNL) ).
Blue Star Helium Limited announced promising results from the State 9 well at its Galactica project, with natural flow rates increasing to over 360 Mcfd and a helium concentration of up to 1.52%. The well marks the end of the initial drilling campaign and transitions the project towards commercial production, highlighting the potential for optimized flow rates between 400 to 500 Mcfd, with a maximum of 600 Mcfd. These developments underscore the project’s strong reservoir characteristics and strategic importance in advancing Blue Star’s helium production capabilities.
More about Blue Star Helium
Blue Star Helium Limited is a company operating in the helium industry, focusing on the exploration and development of helium resources. Its primary market focus is on the Galactica project located in Las Animas County, Colorado.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.17M
For an in-depth examination of BNL stock, go to TipRanks’ Stock Analysis page.
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