Blue Star Helium Limited (AU:BNL) has released an update.
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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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