Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) will kick off drill pad construction for its Enterprise 16#1 exploration well in Las Animas County, Colorado, in the next few days.
A Notice of Construction has been lodged with the Colorado Oil and Gas Conservation Commission (COGCC) and contractors engaged.
The permit to drill is expected to be approved shortly. Planning for the well is in its advanced stages and drilling is expected to go full-steam ahead once approvals are in.
About Blue Star Helium
Blue Star Helium 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.
About helium
Helium is a unique industrial gas with the characteristics both of a bulk, commodity gas and of a high-value specialty gas and is considered a high-tech strategic element.
Its unique chemical and physical qualities make it a vital element in the manufacture of MRIs and semiconductors and it is critical for fibre-optic cable manufacturing, hard disc manufacture and cooling, space exploration, rocketry, lifting and high-level science.
Helium cannot be manufactured artificially and most of the world’s reserves have been derived as a byproduct of the extraction of natural hydrocarbon gas.