Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) welcomes the final approval for partner Vecta to drill the Sammons 315310C helium exploration well within the Serenity prospect in Las Animas County, Colorado.
The Colorado Oil and Gas Conservation Commission (COGCC) has approved Vecta’s final permit to drill.
Vecta’s planning for execution of the Sammons 315310C well is advanced with drilling expected to begin as soon as practicable this quarter.
First of four wells
Sammons 315310C well is the first of four wells proposed to be drilled in the Sammons Ranch OGDP, which was approved by the COGCC earlier this year.
The well is in the Area of Mutual Interest (AMI) agreed between Blue Star (50%, non-operated interest), Prospero Oil and Gas LLC (25%, non-operated interest) and Vecta (25% operating interest).
The Sammons 315310C well location in Las Animas County.
About Blue Star
Blue Star Helium is an independent helium exploration and production company, headquartered in Australia and with operations and exploration in North America.
The company’s strategy is to find and develop new low-cost, high-grade helium supplies in North America.
A unique gas
Helium is a unique industrial gas that exhibits characteristics both of a bulk, commodity gas and of a high-value specialty gas and is considered a 'high tech' strategic element.
Due to its unique chemical and physical qualities, helium is a vital element in the manufacture of MRIs and semiconductors and is critical for fibre optic cable manufacturing, hard disc manufacture and cooling, space exploration, rocketry, lifting and high-level science.
There is no way of manufacturing helium artificially and most of the world’s reserves have been derived as a byproduct of the extraction of natural hydrocarbon gas.