Blue Star locks in approval for another four helium production wells at Voyager
Special Report: The Colorado Energy & Carbon Management Commission (ECMC) has approved the Oil and Gas Development Plan (OGDP) relating to four proposed helium development wells at Voyager.
Blue Star Helium (ASX:BNL) has been putting all its ducks in a row to bring its maiden development project, Voyager, into production during Q4, 2023.
The project is 6 miles from the historical Model Dome field in Las Animas Country, Colorado, which hosts amongst the top three highest helium concentrations in the world.
Achieving this goal will make Blue Star Helium one of the first ASX-listed primary helium plays to enter production, allowing it to tap into helium prices that have been floating towards the stratosphere due to a critical lack of supply.
With approval from the ECMC for another four wells in the bag, BNL is yet another step closer to its production goals.
The helium play plans to submit the final form 2s in respect to these wells shortly and on approval, will have six helium development wells approved for drilling at Voyager.
These wells, together with BBB 33#1 and 34#1, make up the initial inventory from which phase one development wells will be selected.
BNL plans to make a spud announcement shortly at BBB 33#1, where pre-drilling preparations have been completed.
This article was developed in collaboration with Blue Star Helium, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.