Blue Star Helium ( (AU:BNL) ) has issued an announcement.
Blue Star Helium Limited has announced promising initial results from the Jackson 29 development well at its Galactica helium project in Colorado. The well has shown strong natural flow rates, with helium concentrations reaching up to 3.30%, the highest in their current drilling campaign. The flow rates are projected to stabilize between 350 to 450 Mcfd, with a maximum potential of 550 Mcfd, indicating high permeability and good reservoir communication. These results align with the company’s expectations for a high-quality helium resource and could enhance its market positioning in the helium industry.
More about Blue Star Helium
Blue Star Helium Limited is a company operating in the helium industry, focusing on the exploration and development of helium resources. The company is listed on the ASX under the ticker BNL and on the OTC market as BSNLF. Its primary market focus is on developing high-quality helium resources, particularly in the United States.
Average Trading Volume: 56,157
Technical Sentiment Signal: Strong Buy
Current Market Cap: $13.77M
See more data about BNL stock on TipRanks’ Stock Analysis page.