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The latest update is out from Blue Star Helium ( (AU:BNL) ).
Blue Star Helium has successfully drilled the State 9 well at its Galactica helium project in Las Animas County, Colorado, confirming gas presence and achieving a significant milestone in their development campaign. The well demonstrated strong natural flow and penetrated 60 feet of high-quality, gas-saturated Lyons Sandstone, with samples sent for helium and CO2 analysis. The completion of this well marks the final development well in their campaign, highlighting the substantial production capabilities of the Lyons Sandstone and the resource potential within the Galactica project.
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.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.17M
For detailed information about BNL stock, go to TipRanks’ Stock Analysis page.