Blue Star Helium (AU:BNL) has released an update.
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Blue Star Helium has received approval for five new helium development well locations at its Galactica/Pegasus project in Colorado, advancing its plans to establish a production facility with partner Helium One Global Plc. These wells, positioned near the successful State 16 well, are part of the initial gas gathering strategy to enhance helium production. Drilling is anticipated to begin in the fourth quarter of 2024, pending final permits.
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