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An update from Blue Star Helium ( (AU:BNL) ) is now available.
Blue Star Helium has reported a significant increase in helium concentration at its State 16 well within the Galactica project in Las Animas County, Colorado. The helium concentration rose to 2.17%, up from a previous average of 1.65%, alongside a well head pressure of 10 psig, indicating strong reservoir connectivity. This development is seen as a positive indicator for the company’s broader portfolio and supports its ongoing development strategy, aiming to bring helium resources into production.
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, which is a crucial industrial gas used in various high-tech industries such as MRI, semiconductor manufacturing, fiber optics, and space exploration.
Average Trading Volume: 100,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.11M
See more data about BNL stock on TipRanks’ Stock Analysis page.
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