Welcome to our dedicated page for Blue Star Helium news (Ticker: BSNLF), a resource for investors and traders seeking the latest updates and insights on Blue Star Helium stock.
Blue Star Helium Ltd (BSNLF) operates as a strategic helium production enterprise focused on North American markets. This news hub provides investors with essential updates on operational developments, including the Voyager helium project's progression and partnership milestones with IACX Energy.
Access timely reports on production capacity expansions, infrastructure developments, and market positioning strategies. Our curated collection features press releases detailing technical advancements, financial updates, and strategic initiatives aimed at capturing premium helium pricing in key markets.
Key focus areas include modular plant expansion capabilities, short-term contract market positioning, and project planning updates for Galactica/Pegasus developments. Bookmark this page to maintain current awareness of BSNLF's operational progress and sector leadership in helium recovery technologies.
Helium One Global (HLOGF) reports successful drilling of the Jackson-4 well at the Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well reached a total depth of 1,260ft (384m) with confirmed free gas presence.
The well encountered 62ft (18.9m) of high-quality gas-saturated sands in the Upper Lyons Sandstone Formation, with 22-26% porosity. Notable features include strong natural flow during drilling and no water encountered. Gas samples have been sent for laboratory analysis of helium and CO2 concentrations.
The Galactica/Pegasus development, discovered in 2022, has shown promising results from previous wells, with gas flows ranging from 125 to 412 Mcfd and helium concentrations between 2.0% and 6.1%. Recent wells State-16 and Jackson-31 demonstrated production capabilities of up to 441 Mcfd and 500 Mcfd respectively.
Blue Star Helium Ltd (OTCQB:BSNLF) announced the leasing of a processing facility from a U.S. midstream operator in preparation for the development of at least three wells at its Voyager project. This initiative is expected to generate helium output and sales by H2 2023, with an initial development cost of $2.9 million. Additionally, permitting for adjacent high-grade wells is anticipated to be completed throughout 2023. The company is also engaging Sproule for a resource update at its Galactica Pegasus project, with a contingent resource announcement expected in Q1 2023.
Blue Star Helium (OTCQB: BSNLF) announces key outcomes from its Initial Plan of Development for the Las Animas Helium Project in Colorado. The Voyager project is set for first helium output and sales in H2 CY2023, requiring a low capital expenditure of US$2.9M. An experienced US mid-stream operator will lease and manage the processing facility. The project targets the short-term contract market due to premium pricing. In addition, resource updates for the Galactica/Pegasus projects are underway to enhance helium and CO2 production forecasts.
Blue Star Helium Ltd (OTCQB:BSNLF) is nearing approval for its first four development wells in Las Animas, Colorado, following significant helium discoveries in 2022. An additional 13 wells are expected to receive approval from December 2022 to May 2023, along with 19 further permit applications. The company's independent valuation estimates a share price between A$0.13 and A$0.25, with A$9 million in cash and no debt. Helium sales contracts are anticipated, leveraging high market prices. The report emphasizes ongoing resource assessments at recent discoveries.
Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) has declared a maiden contingent resource of 643 MMscf of helium at its Voyager Field, following an independent evaluation by Sproule. The high side estimate (3C) stands at 1,228 MMscf. The company plans to develop 15 wells at Voyager and aims to complete the initial processing facility's development by Q4 2022. Commissioning of the first helium production facility is targeted for H2 2023. This declaration marks a significant milestone for Blue Star, as they transition from contingent resources to reserves.
