Blue Star’s re-drilled water well has a much bigger gas column

Blue Star has much to cheer about after the redrilled BBB-1 water well at the Voyager prospect intersected a gas column four times bigger than in the previous hole.

Wireline logs run in the well had confirmed the far larger gas column compared to that found in the previous well, where gas analysis had returned a helium concentration of 8.8% – similar to that found in the nearby Model Dome helium field.

No prospective resources have been reported by the company for Voyager, meaning that any prospective resources would be in addition to the current 13.4 billion cubic feet of helium resource the company already has booked.

The new logs have also allowed Blue Star Helium (ASX:BNL) to re-interpret the results from the Hill-2 water well in the Enterprise prospect, resulting in the identification of a 29 ft gas column.

This is also significant as Hill-2 is understood to be downdip from the maiden Enterprise 16#1 well location, which is interpreted to be targeting a considerably thicker gas column.

“This is a great result for Blue Star, confirming a 134 ft gas column with high helium concentration in the Voyager prospect. We are very pleased to deliver this exploration success and validation of our prospect mapping,” managing director Trent Spry said.

“The average gas column height for wells in the historic Model Dome field is approximately 50 ft, making the column height at Voyager of 134 ft very significant in terms of supporting structural definition and seal capacity.”

Spry said the company was looking forward to acquiring similar data at its other key prospects at Argo, Galactica and Pegasus where it has “also interpreted gas from historic well data and where the Gov. Cynthia True well – located on the same greater structure – tested 8.8% helium.”

And that “The modern data acquired from recent water well drilling at the Enterprise and Voyager locations is adding significant value to our understanding of the play.”

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.