Blue Star Helium Limited (AU:BNL) has released an update.
Blue Star Helium Limited has commenced drilling at the State 16 SWSE 3054 well within the Galactica helium project in Colorado, expecting to reach total depth in 5-7 days. Following drilling, the company will conduct wireline logging and pressure testing of the Lyons helium reservoir. This development is part of the larger Galactica/Pegasus project, which has shown significant potential with multiple exploratory wells yielding high helium concentrations and gas flow rates.
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