RE: 4 Positive RNS's in 4 days this week6 Mar 2025 07:21
Significant ….!
The Company is pleased to announce a significant increase in helium concentrations measured at the State-16 development well at the Galactica Project in Las Animas County, Colorado.
The State-16 well, which is part of the Galactica Project, was drilled in May 2024. During the current drilling campaign, Blue Star have taken the opportunity to re-sample gas from the well and have had the samples analysed by Gas Analysis Service.
Blue Star previously reported lab analysis of representative reservoir samples taken during flow testing which contained an average helium percentage of 1.65%, and up to 1.90% when air-corrected. The reservoir gas compositions were approximately 1.65% helium, 28.05% nitrogen and 70.29% carbon dioxide from the lab analysis and 1.90% helium, 28.54% nitrogen and 69.56% carbon dioxide when air-corrected.
The latest samples, taken from the well head, demonstrate a significant rise in helium concentration to 2.17% (not air-corrected). This increase is attributed to the reservoir's natural equilibration process occurring near the well bore.
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