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The latest announcement is out from Blue Star Helium ( (AU:BNL) ).
Blue Star Helium Limited is preparing the Aloha Mula #12 well for flow testing in Lincoln County, Colorado, as part of its ongoing evaluation of helium resources. This well is the third in a series of tests, following successful results from the Bubba State 3 and Ma State 16 wells, which demonstrated strong flow rates and high helium concentrations. The data from these tests will guide commercial and development decisions, potentially transforming Blue Star’s operations and positioning in the helium market.
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. The company is strategically expanding its helium resource base in North America, leveraging its technical expertise to become a significant helium producer. Blue Star Helium holds a strategic helium acquisition option in Colorado, which includes existing discovery wells, infrastructure, and a processing site.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.17M
See more insights into BNL stock on TipRanks’ Stock Analysis page.