Blue Star Development Underway for Helium Sales

Rhea-AI Summary

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.

Positive

• Leased processing facility to support planned development of three wells.
• Initial development cost of $2.9 million aimed to take advantage of high helium pricing.
• Ongoing permitting for adjacent high-grade wells expected to be completed in 2023.
• Resource update anticipated from Sproule, leading to a contingent resource announcement.

Negative

• None.

LAS ANIMAS, CO / ACCESSWIRE / December 19, 2022 / Blue Star Helium Ltd (OTCQB:BSNLF)(ASX:BNL) has decided to lease a processing facility from an experienced U.S. midstream operator ahead of planned development of no less than three wells at its Voyager project.

Helium output and sales in H2 2023 from a low $2.9 million initial development cost is expected to capture premium short term contract high pricing and spot sales. Further permitting of adjacent high-grade wells is expected to be completed throughout 2023.

At its Galactica Pegasus project, Blue Star has engaged Sproule, the independent energy group, which provides expert technical, operational, and commercial analysis to produce a resource update. A declaration of contingent helium and CO2 resource is expected. The resource announcement to be made in Q1 2023 just ahead of the initial planned development configuration and forecast production of helium and CO2.

For Full Details Please Visit: https://www.bluestarhelium.com/wp-content/uploads/2022/12/61129012.pdf

LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:7010411929873645568

Or Contact
Trent Spry
CEO
Blue Star Helium Ltd
Tspry@bluestarhelium.com

SOURCE: Blue Star Helium Ltd

View source version on accesswire.com:
https://www.accesswire.com/732507/Blue-Star-Development-Underway-for-Helium-Sales

FAQ

What is Blue Star Helium's latest development announcement for the Voyager project?

Blue Star Helium announced the leasing of a processing facility to support the planned development of at least three wells at its Voyager project.

What are the expected helium sales figures for Blue Star Helium in H2 2023?

Blue Star Helium expects helium output and sales from an initial development cost of $2.9 million in H2 2023.

When will Blue Star Helium announce resources from the Galactica Pegasus project?

A contingent helium and CO2 resource announcement from the Galactica Pegasus project is expected in Q1 2023.