Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) welcomes the Colorado Oil and Gas Conservation Commission’s (COGCC) passing of the oil and gas development plan for its Voyager Helium Project in Las Animas County in Colorado as complete, moving it to the final review and hearing phase.
The BBB 2860 Oil and Gas Development Plan (OGDP) relates to two wells, BBB 33 and BBB 34, that offset the BBB#1 discovery well on Voyager, where previously a 134-feet gas column was encountered with gas flowing to surface containing 8.8% helium.
The Voyager low-cost phased development is planned to deliver the company’s first cash flow.
Galactica/Pegasus prospect
The COGCC has advised that it will hear the Galactica-Pegasus OGDP II application on December 28, 2022.
This OGDP relates to three wells, Jackson 1, Jackson 2 and Jackson 3, which are to be drilled as offset development wells to the JXSN#1 and JXSN#2 helium discoveries made earlier this year.
Galactica/Pegasus is targeted as Blue Star’s second helium development after Voyager.
Helium well permitting
The table below outlines the current status of Blue Star’s helium development well-permitting activities in Las Animas County.
About the company
Blue Star is an independent helium exploration and production company headquartered in Australia, with operations and exploration in North America.
Its strategy is to find and develop new supplies of low-cost, high-grade helium in North America.