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Blue Star Helium ( (AU:BNL) ) has provided an announcement.
Blue Star Helium Limited announced positive initial results from the Jackson 4 well at its Galactica helium project in Colorado, highlighting strong natural flow rates and promising helium and CO2 concentrations. The well’s performance supports the company’s geological model and enhances confidence in future development, with projected stabilized flow rates between 250 to 350 Mcfd, and a maximum potential of 450 Mcfd. This development is crucial for maintaining optimal plant throughput for beverage-grade CO2 production, as high-CO2 wells are essential for blending input gas to achieve consistent CO2 feed.
More about Blue Star Helium
Blue Star Helium Limited is a company operating in the helium industry, focusing on the exploration and development of helium resources. The company is engaged in projects primarily in Las Animas County, Colorado, with a market focus on helium and CO2 production.
Average Trading Volume: 100,000
Technical Sentiment Signal: Buy
Current Market Cap: $13.56M
See more data about BNL stock on TipRanks’ Stock Analysis page.