Blue Star says it’s time to get wet with more water wells in its search for US helium
Blue Star is continuing with the exploratory water well program that has provided it with discoveries and invaluable data for follow helium development, adding two more wells to the list.
The wells are set to be drilled on the Galactica/Pegasus prospects in Las Animas County, Colorado, after the completion of the Sammons 315310C well in the Serenity Area of Mutual Interest. Another exciting operation for the Company.
It follows the success of the JXSN 1, 2 and 3 wells at the same prospects with the last intersecting a larger than expected 230ft gas column with a helium concentration of 2.14%.
Blue Star Helium (ASX:BNL) intends to drill the two new wells to further test the extent of the gas filled closures, ahead of additional appraisal and development helium wells.
It comes as the company prepares to work over the Enterprise 16-1 exploration well for testing.
Following completion of the two new exploratory water wells, Blue Star intends to drill four wells – subject to a Colorado Oil and Gas Conservation Commission hearing on 19 July and final approval – in the second half of 2022.
These new wells will appraise and develop the helium discoveries made by the exploratory water wells.
Further permitting and drilling of between two and five helium wells at Voyager is also expected during the second half of 2022 to appraise and develop the helium discovery announced in BBB#1.
The BBB#1 exploratory water well had intersected a 134ft gas column with helium concentrations of about 8.8%, which is comparable to that found in the nearby Model Dome helium field.
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.