Blue Star’s Galactica prospect is looking like a big helium treat

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Blue Star’s Galactica prospect is looking like a big helium treat

Stockheads2022-06-07

Link copied to clipboardBlue Star Helium’s exploratory water well program has proven its worth again with the JXSN#3 well intersecting a larger than expected gas column with a helium concentration of ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlue Star’s Galactica prospect is looking like a big helium treat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 12:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://stockhead.com.au/energy/blue-stars-galactica-prospect-is-looking-like-a-big-helium-treat/><strong>Stockheads</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Link copied to clipboardBlue Star Helium’s exploratory water well program has proven its worth again with the JXSN#3 well intersecting a larger than expected gas column with a helium concentration of ...</p>\n\n<a href=\"https://stockhead.com.au/energy/blue-stars-galactica-prospect-is-looking-like-a-big-helium-treat/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4567","symbol_name":"ESG概念","start_time":0,"source_url":"https://stockhead.com.au/energy/blue-stars-galactica-prospect-is-looking-like-a-big-helium-treat/","article_id":"2241142610","we_media_id":null,"thumbnails":["https://stockhead.com.au/wp-content/uploads/2022/06/minion_1200x675-640x360.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2241142610","pubTimestamp":1654577965,"columns":[],"sourceInfo":{"source_id":"stockheads_stock","name":"Stockheads"},"weMediaInfo":null,"summary":"Link copied to clipboardBlue Star Helium’s exploratory water well program has proven its worth again","collect":0,"end_time":0,"defaultTopTitle":"stockhead.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK7142":"石油与天然气的勘探与生产","BK4581":"高盛持仓","BK4550":"红杉资本持仓","BNL.AU":"BLUE STAR HELIUM LTD","BK4504":"桥水持仓","HD":"家得宝","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4083":"家庭装潢零售"},"translate_title":"蓝星的卡拉狄加前景看起来像一个大氦气处理","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNL.AU":1,"HD":0.66},"content_text":"Link copied to clipboardBlue Star Helium’s exploratory water well program has proven its worth again with the JXSN#3 well intersecting a larger than expected gas column with a helium concentration of 2.14%.\nImportantly, the well is located outside the P50 prospective resource contour at Galactica, which confirms expectations that the prospect represents a significant structural closure on the great structural high.\nIt also achieved flow rates that are consistent with data reported from the historical Model Dome helium field.\nPrevious exploratory water wells drilled by Blue Star Helium (ASX:BNL) had also proved their value with the first well confirming a significant gas column (134ft) with a 8.8% helium concentration – similar to that found in Model Dome.\n“We are happy to confirm high helium concentrations from the JXSN#3 well to round out an exceptionally successful initial exploratory water well program at our Galactica/Pegasus prospects which saw high helium concentrations being discovered in each of the three wells drilled,” managing director Trent Spry said.\n“The gas column in JXSN#3 is located outside the Galactica P50 prospective resource contour and is larger than expected.\n“JXSN#3 is located approximately 6.4 miles southeast of the Denton B#1 well, where Blue Star had previously interpreted gas to be present on historic logs.\n“These two wells show that the Lyons formation is helium bearing across a large part of the Galactica structure where Blue Star has a dominant/extensive acreage coverage.”\nHelium sales of up to US$600 per thousand cubic feet have been reported by a number of commentators while anecdotal spot helium sales of between US$2,000 and US$3,000 per thousand cubic feet have been noted.\nDevelopment plans\n“Our consulting engineers, SIGIT, are preparing a plan of development for our Las Animas prospects. Following the discoveries at Galactica and Pegasus, they will now also commence an additional FEED study on a processing facility to be located in the Galactica/Pegasus/Serenity area,” Spry added.\n“This is in addition to the FEED study we announced previously for a facility to be located at Voyager, which is similar to the Model Dome field that produced in the 1930s and lies 6 miles to the southeast.\n“Helium bearing gas (~8% He) was discovered at the BBB#1 well during our first exploratory water well campaign last year, triggering the plan of development and FEED study at Voyager.”\n \nThis article was developed in collaboration with Blue Star Helium, a Stockhead advertiser at the time of publishing. \nThis article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.\n\n\nSubscribe to our daily newsletter\nJoin our small cap Facebook group\nFollow us on Facebook or Twitter\n\nRead MoreHeliumLink copied to clipboard\n\n\n\n\n\n\n\nSUBSCRIBEGet the latest Stockhead news delivered free to your inbox. \n\n\nName* Email*\n\nHiddenEmail Lists\n\nMorning Update\n\n\nLunch Update\n\n\nMarket Close Update\n\n\nWeekend Update\n\n  \n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\t\tIt's free. Unsubscribe whenever you want.\n\t\t\t\t\t\t\t\t\t\n\n\n\nRead our privacy policy\n\n\n\n\n Featured Companies  ASX: BNL Blue Star Helium    You might be interested in       Energy Blue Star just became the first helium operator in Colorado to pass the new Biden drill test   August 23, 2021   |        Special Report         Energy Blue Star grows helium resources by 39pc   June 10, 2021   |        Special Report         Energy Blue Star Helium picks up more prospective land with drilling set to kick-off in New Year   December 22, 2020   |        Special Report     \n\n\nSponsored Articles","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}