Blue Star Helium Reports Strong Initial Test Results at Ma State 16 Well

Blue Star Helium ( (AU:BNL) ) has issued an announcement.

Blue Star Helium Limited has announced successful initial test results from the Ma State 16 well in Lincoln County, Colorado, demonstrating strong performance with a flow rate of 2,500 Mcfd and high helium concentrations of 1.32-1.36%. These results validate the Great Plains Field as a significant helium resource area and align with Blue Star’s strategy to expand its helium operations. The company plans further development and testing, including the Bubba State 3 well, and sees potential for increased well performance through minor treatments. This development is expected to enhance Blue Star’s market positioning and operational synergies, being located near its existing Las Animas helium assets.

More about Blue Star Helium

Blue Star Helium Limited is a company in the helium industry, focusing on the exploration and development of helium resources. The company is strategically expanding its helium resource base in North America, leveraging its technical expertise to become a significant helium producer. It holds a portfolio of helium assets in Colorado, which includes discovery wells, infrastructure, and a processing site, offering potential for rapid and cost-effective development.

Average Trading Volume: 100,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $12.04M

For an in-depth examination of BNL stock, go to TipRanks’ Stock Analysis page.