The latest announcement is out from Blue Star Helium ( (AU:BNL) ).
Blue Star Helium Limited has successfully drilled the Jackson 29 well at its Galactica helium project in Colorado to its total depth, confirming the presence of gas through wireline logs. The well, which penetrated 61 feet of high-quality, gas-saturated Lyons Sandstone, showed strong natural flow during drilling, and samples have been sent for analysis. This development marks a significant step towards commercial production, enhancing the project’s potential and strengthening Blue Star’s position in the helium exploration industry. The company plans to continue its drilling campaign with the Jackson 27 well, supported by a joint venture 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 focuses on discovering and developing new supplies of low-cost, high-grade helium, which is a critical industrial gas used in various high-tech industries such as MRI, semiconductor manufacturing, fiber optics, and space exploration.
Average Trading Volume: 56,157
Technical Sentiment Signal: Strong Buy
Current Market Cap: $11.31M
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