Company
ASX:BNL
Blue Star Helium Ltd (ASX:BNL) is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. The company's strategy is to find and develop new supplies of low cost, high grade helium in North America.
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“The results of this well will be integrated into current resource update process for Galactica/Pegasus which is expected to culminate in the declaration of contingent resources for this field," said MD and CEO Trent Spry.
The Colorado Oil and Gas Conservation Commission has accepted the 'Galactica-Pegasus OGDP II' as complete within 65 days of its submission compared to the average of 121 days.
JXSN#4 is the fourth consecutive well on the Galactica prospect to identify helium in the targeted Lyons formation.
With the resource certification in tow, Voyager is on track for potential development, with 15 helium wells slated for permitting.
JXSN#4 is a step-out well designed to test the structural and stratigraphic prospectivity to the northwest of the JXSN#1 well, where significant helium-bearing gas columns were discovered.
Initial flow testing was conducted with gas rates of around 115 mcfd through a ¾-inch orifice, no water was encountered during testing. Based on offset wells there is about 40 feet of high-quality lower Lyons sand in addition to the 15 feet
Approval for the final permit to drill is expected 30 to 40 days after Form 2 submission.
The Form 2A Oil and Gas Development Plan (OGDP) approval hearing date for the four planned helium development wells - State 09, 16, 35 and 36 - is set for September 14, 2022.
Scott Fenoglio's "input will be invaluable as we evaluate the various development and offtake scenarios that our central location amongst key infrastructure, including liquefaction plants, within a buoyant helium market, affords us,” CEO Tr
Flow testing demonstrated increasing gas rates and flowing pressure as the well was drilled deeper, achieving as high as 500,000 cubic feet per day through a 1.25-inch orifice.
Flow rates are consistent with those exhibited from the discovery wells recently drilled at the Galactica/Pegasus prospects and historically reported data from the nearby Model Dome field.
Sammons is just one of four approved helium wells in an area of mutual interest between Blue Star, Prospero Oil and Gas and operator Vecta Oil and Gas.
The company is well-placed to benefit from its substantial oil and gas experience in exploring for helium across its highly prospective tenements in the Las Animas region of Colorado, USA.
The well is planned to total depth in the gas-bearing Lyons reservoir, which will maximise production if drilling is successful.
The wells under application are poised to rapidly follow up, appraise and develop the helium discoveries (grading up to 3.14% helium) across the Las Animas County prospects in Colorado.
Operator Vecta Oil & Gas Ltd advises that the pad for the well in Colorado has been constructed in preparation for spudding.
The company is close to drilling at Sammons 315310C well to test the Serenity prospect while the Enterprise 16-1 well has been successfully cased and cemented across the Lyons formation and perforated in the gas zone.
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“I have known Peter for some time, and I have observed him advance Tacitus from new play discovery through to production and eventual industry sale," MD/CEO Trent Spry said. "He is a proven operator with significant expertise in advancing a
After success at the JXSN 1, 2 and 3 wells at Galactica/Pegasus, the new wells will further test the extent of the gas-filled closures ahead of additional appraisal and development helium wells.
