Blue Star State 16 Well15 Nov 2024 09:09
From 27th May 24 RNS
Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) (Blue Star or the Company) is pleased
to announce that the State 16 SWSE 3054 development well at its Galactica helium project in
Las Animas County, Colorado has been successfully drilled to its final total depth (TD). The
production section of the hole was drilled with air as planned.
The well encountered the Lyons formation at a depth of 1,111.5 feet and was completed at its
planned TD at the base of the upper sand of the Lyons formation at 1,211 feet.
Significantly, no water was encountered during drilling. Wireline logs confirmed this and show
approximately 96 feet of high-quality sands in the upper Lyons production section (1,111.5 to
1,211 feet) to be gas saturated.
The well flowed naturally during drilling and has been “cleaning-up” (returning drilling gas and
approaching reservoir gas composition and conditions) since drilling operations were
completed.
During drilling operations and while flowing at TD the onsite mass spectrometer recorded
elevated helium as expected, notwithstanding significant air dilution from drilling operations.
The Company is about to commence pressure and flow testing, including a pressure gradient
test, followed by flow testing, sampling and a pressure build-up test over a five-day period.
The data will be downloaded, QCed and evaluated by an independent engineering consultant.
Samples taken during flow testing will be sent for laboratory analysis of the reservoir gas
composition.
Upon successful final testing and analysis, the well will be completed for tie-in to production
facilities. Commercial discussions with interested buyers have been ongoing since Q423.
Sign In
Follow the stocks
