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The latest update is out from Blue Star Helium ( (AU:BNL) ).
Blue Star Helium has successfully completed its 2025 Galactica drilling program, marking a significant advancement in the Galactica/Pegasus helium project. The positive results from all six wells underscore the project’s production potential and support the company’s transition to initial commercial production in the second half of 2025. This development is pivotal for Blue Star as it moves towards becoming a producer of high-value helium, with plans to commence production from the Pinon Canyon Plant. The initial phase aims to provide early cash flow and operational data, crucial for optimizing full-field development plans.
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 and carbon dioxide resources. The company is primarily involved in advancing its Galactica/Pegasus helium project in Las Animas County, Colorado, aiming to transition these discoveries into commercial production.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.17M
For an in-depth examination of BNL stock, go to TipRanks’ Stock Analysis page.