From blue star helium, Msmn have 10% interest12 Jul 2024 10:22
They expect to drill all 5 wells and tie them all in by end of year,
What would the sp on good results
ASX ANNOUNCEMENT
3 July 2024
DEVELOPMENT WELL PERMITTING AND SCHEDULING UPDATE
GALACTICA PROJECT
Highlights
▪ Hearing for 5 new development well locations to be held on 4 September 2024.
▪ These wells expected to commence drilling in Q4 2024.
▪ Tie-in to production facilities also targeted for Q4 2024.
Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) (Blue Star or the Company) is pleased to
provide a status update on development well permitting at its Galactica helium project in Las
Animas County, Colorado.
The Colorado Energy and Carbon Management Commission (ECMC) has advised that it will hear
the application to approve Galactica Pegasus OGDP I on 4 September 2024. The OGDP includes
5 new development well locations.
The Company will apply for final permits to drill these wells after the hearing. This final stage of
the process is expected to take approximately 2 weeks based on our most recent experience.
Accordingly, we expect to commence drilling these wells in Q4 of this year.
The 5 well locations and the associated facility are identified on the map below. These wells,
together with State 16, are expected to form the initial gas gathering system into the Galactica
helium production facility. The Company is targeting Q4 of this year for installation of the facility
and tie in of wells.