RE: Bluestar updates23 Feb 2025 20:18
Great to see Jackson 31 drilling progressing smoothly, with the team pushing through the intermediate hole section on track to reach the Lyons formation - where the real helium potential lies. Mudlogging is underway, casing is being set, and even CEO Trent Spry is on-site, which tells you this is a key moment. Importantly, they’ve hit the Morrison formation exactly as predicted, meaning the geological model is holding up. With a favourable weather forecast and a motivated crew, we could be just days away from hitting TD and getting some real answers.
Now, here’s where things get interesting. If helium shows start appearing in drilling fluids, expect the excitement to build fast. And if flow tests confirm commercial volumes, we’re in for a serious re-rate. Helium One’s farm-in gives it a strong foothold in a proven helium region, adding to its Tanzanian assets and diversifying its upside. Right now, we’re at 0.95p, but with TD approaching, who knows where we’ll be in a week? Eyes on the prize - we could be on the brink of something big!
Exciting Times Ahead for HE1 🚀🚀🚀