Blue Star Helium Advances with Key Farm-In Deal
Company Announcements

Blue Star Helium Advances with Key Farm-In Deal

Blue Star Helium (AU:BNL) has released an update.

Blue Star Helium has completed a significant farm-in agreement with Helium One, allowing the latter to earn a 50% stake in the Galactica/Pegasus project in Colorado for $1.5 million and funding the drilling of six wells. This partnership aims to accelerate the development of helium production, with drilling expected to begin in Q4 2024 and initial production anticipated in the first half of 2025. This strategic move positions Blue Star to enhance its production capabilities and capitalize on high-value helium and CO2 co-product streams.

For further insights into AU:BNL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskBlue Star Helium Issues Unquoted Options
TipRanks Australian Auto-Generated NewsdeskBlue Star Helium: Director Increases Shareholding
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App