Onboarding: Blue Star’s Las Animas helium portfolio to take flight in Q3
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Consulting engineers, SIGIT, have been engaged to prepare a plan of development for Blue Star’s Las Animas helium portfolio in Colorado, ahead of targeted completion in Q3.
The Voyager prospect is being fast tracked for development after the breakthrough success of BBB#1 exploratory water well, which returned a 134 ft gas column in the Lyons formation with a calculated air-free helium concentration of 8.8%.
Blue Star’s (ASX:BNL) development plan includes carrying out plant asset optimisation, gathering system design, evaluation of technology providers, other long lead supplier and FEED for processing plants starting with Voyager.
Blue Star has been working with SIGIT since 2021 when it prepared an initial high-level engineering study and capital investment analysis of a standardised facility.
As part of the plan of development, Blue Star also expects to begin a FEED study this quarter for a facility located in the east for the Galactica, Pegasus and Serenity prospects.
Independent resource consultant, Sproule, will prepare the first resource assessment for Voyager, as the current Las Animas P50 net un-risked helium resource of 13.4 Bcf does not include an estimate for the Voyager prospect.
Applications to drill the initial two Voyager appraisal and development wells will be submitted this week with the remaining three to follow shortly thereafter.
An additional water well at Voyager is in discussion with a rancher potentially for drilling in the coming months.
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.