Blue Star Helium ( (AU:BNL) ) has provided an announcement.
Blue Star Helium Limited has successfully drilled the Jackson 2 well at its Galactica helium project in Las Animas County, Colorado, reaching its total depth with confirmed gas presence. This marks the fifth development well in their campaign, showcasing the significant production potential of the Lyons Sandstone and advancing the project towards commercial production. The well demonstrated strong natural flow, and samples are being analyzed for helium and CO2 concentrations. The company plans to proceed with further testing and prepare the well for production facilities, while also planning the drilling of a sixth well under a farm-in agreement with Helium One Global Ltd.
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: 40.0%
Average Trading Volume: 49,262
Technical Sentiment Signal: Strong Buy
Current Market Cap: $13.94M
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