Blue Star could have another successful helium exploration well on its hands after the Sammons 315310C well at the Serenity prospect flowed gas at rates consistent with recent helium discovery wells.

The well – the first of four that that have been permitted by operator Vecta Oil & Gas is drilling at the Serenity Area of Mutual Interest – flowed between 380,000 and 465,000 cubic feet of gas per day over a 48 hour period from the intersected Upper Lyons sands with flow pressures increasing over successive tests.

This is consistent with flow rates exhibited from the discovery wells that Blue Star Helium (ASX:BNL) recently drilled at the Galactica/Pegasus prospects as well as historical reported data from the nearby Model Dome field.

Based on these flow rates, the operator plans to deepen the well by a further 40 feet into the Upper Lyons sand before resuming flow testing.

During flow testing, further pressure and flow data as well as gas samples for compositional analysis will be obtained.

The Serenity AMI contains the historical State #3053-36-4 well where wireline log interpretation by the company highlighted the presence of gas in both the upper and lower Lyons formation.

The part of the Serenity prospect being tested by the Sammons 315310C well is interpreted to be up-dip and fault separated from the State #3053-36-4 well where gas has been interpreted.

Helium supply stretched thin

Helium supply remains strained and is likely to be stretched even further by the US Government’s move to boost domestic semiconductor manufacturing.

This is due to helium – an inert gas – being critical for cooling, cleaning, and creating the ideal environment in vacuum chambers for semiconductor chemical reactions to take place.

Meanwhile, other geopolitical issues and production disruptions around the world are adding further stress to global supply.

 

 

 

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.

 

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