Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) has completed drilling the shallow section of its maiden Enterprise 16#1 helium well within tenure in Las Animas County, Colorado.
The well’s shallow section above the target Lyons formation was then cased, set and cemented.
Drilling is set to resume once a cement bond log can be used to evaluate the integrity of the cement in accordance with regulatory requirements.
The well’s progress was delayed about 48 hours compared to the original schedule due to minor top-side mechanical issues.
As a result, if no further delays are experienced, Blue Star expects to reach the targeted total depth of the well sometime on Wednesday, February 23, US time.
Enterprise 16#1 is the first in a series of 10 wells Blue Star is planning to be permitted and drilled across the company’s portfolio this year.
Blue Star began trading on the OTCQB Venture Market under the ticker BSNLF on February 14, 2022, giving the company more exposure to US helium markets and US investors.
Read: Blue Star Helium begins trading on OTCQB as helium interest grows
About Blue Star
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.
Blue Star is focused on Utah, Colorado, Arizona and New Mexico where helium has previously produced to surface in high concentrations of between 2%-10% of the raw gas stream.
The company has identified 30 prospects and leads in its initial focus from analysis of existing gravity and aero-magnetic data combined with surface mapping using historical geological maps and well data.