Blue Star Helium to end year with drill pad construction for Enterprise 16#1 exploration well in Las Animas
Permissions are expected to be received soon and construction will start the moment the company gets the green light.
Company
Blue Star Helium Ltd
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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Blue Star Helium reveals high concentration of 8.8% helium in Voyage prospect water well, shares up
This represents one of the highest in-situ helium concentrations both in the US and globally.
Blue Star Helium prepares to drill helium exploration well in Colorado
The company recently raised A$15 million from a share placement to accelerate its helium exploration and development strategy over its Colorado acreage.
Blue Star Helium boosts coffers with A$15 million war chest
The gas stock will issue nearly 268 million shares to sophisticated and institutional investors, who participated at A$0.056 per share in the placement this week.
Blue Star Helium has Form 2A approved for Enterprise 16#1 exploration well in Colorado
This allows Blue Star to submit its final permit to drill, which is expected to be done in the next few days. It is understood that approval for the final permit to drill is typically received within 30 days of its submission.
Blue Star Helium encouraged by indicative outcomes of water well drilling program at Colorado holding
Blue Star Helium has furthered its water well drilling program, designed to produce data insights and provide water for local ranch holders, who will drill and own the wells with funding from Blue Star.
Blue Star Helium eyes final drill permit for Enterprise 16#1 well in Q4, 2021
The company’s strategy is to find and develop new supplies of low-cost, high-grade helium in North America.
Blue Star Helium increases resource and landholding at Las Animas ahead of drill program
The helium explorer’s half-year report showed cash reserves of $3.3 million at the end of June.
Blue Star Helium passes key permitting milestone for Enterprise 16#1 well in Colorado
In the absence of any petitions, an approval hearing is scheduled for October 27 with the final permit to drill the well expected during Q4 of 2021.
Blue Star Helium expects initial drilling permit for Enterprise 16#1 well in August
During the June quarter, the company acquired leases over an additional 10,160 net acres, including a key lease over the mapped crestal location at the Galactica prospect which is of particular strategic importance.
Blue Star Helium boosts landholding and prospective helium resources at Las Animas
A boost in Blue Star Helium’s Colorado landholding will better position the helium explorer and producer to carry out a drilling campaign.
Blue Star Helium submits initial application for permit to drill Enterprise well
“Our understanding is that Blue Star is one of the first to have successfully submitted an initial drilling application in Colorado under the new permitting regimen,” says MD & CEO.
Blue Star Helium appoints highly experienced helium explorationist as MD and CEO
Trent Spry has been integral in implementing the company’s current helium strategy as executive director and the company looks forward to him stepping up the new role to drive the world-class portfolio.
Blue Star Helium ‘very confident’ of being granted enterprise drilling permit at targeted prospects in Las Animas County, Colorado
The company has been actively engaging with the Colorado Oil and Gas Conservation Commission in pre-vetting several documents that must be submitted to comply with its newly implemented rules.
Blue Star Helium boosts P50 prospective helium resource 175% to 9.6 billion cubic feet across Las Animas portfolio
The Galactica, Pegasus and Argo prospects have been independently assessed to add 6.1 billion cubic feet to the company’s P50 unrisked prospective helium resource.
Blue Star Helium ends the December quarter with concrete steps to boost operations
During the quarter, the company increase landholding by 28% increase to 215,000 - thus greatly consolidating position over targeted drilling prospects.
Blue Star Helium adds large acreage across US Galactica and Pegasus prospects as it awaits approval for maiden drilling
The company is looking forward to an incredibly active 2021 following its recent A$6 million placement to fund its maiden drilling campaign and additional strategic leasing acquisitions.
Blue Star Helium halted with news pending on acquisition of material mineral leases
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Blue Star Helium raises $6 million to fund multi-well drilling and secures additional Colorado acreage
The funds will be used for a multi-well drilling program along with further material lease acquisitions across Las Animas in Colorado.
Blue Star Helium in trading halt pending capital raising announcement
The company recently announced an unrisked prospective helium resource for its Enterprise and Galileo prospects.