Blue Star Helium (AU:BNL) has released an update.
Blue Star Helium has announced promising results for its State 16 well in the Galactica helium project, with potential flow rates up to 441 Mscfd, and an optimized production range between 250 and 350 Mscfd. The Galactica Pegasus OGDP, comprising five additional wells, has received technical approval and will contribute to the initial helium supply for the company’s processing facility. The company is advancing its development plans, which includes leveraging the helium output and exploring the sale of CO2 to markets experiencing supply chain issues.
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