Blue Star Helium (AU:BNL) has released an update.
Blue Star Helium has reported successful drilling to total depth at its Galactica project with gas confirmed by wireline logs, including a significant 96-foot gas-saturated high-quality sandstone section. The well is naturally flowing and clearing drilling gas, with upcoming pressure and flow testing potentially leading to tie-in to production facilities. The Galactica/Pegasus development, discovered in 2022, has shown promising results with multiple potential product streams, including helium concentrations up to 6.1%.
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