Blue star comment on linked in9 Sep 2025 08:25
A couple of weeks back '
Galactica and its adjacent discovery Pegasus are free gas discoveries (containing He, CO2 and N2) reservoired in the high quality Permian Lyons formation. The wells are completed open hole with impressive flow rates for the modest reservoir pressure (a known geologic conundrum where high grade helium exists in low pressure reservoirs).
You will most likely see an updated report on the reserves and resources at the start or immediately after production start up for the reasons already discussed in previous comments. This will include our producing reserves through discovered contingent resources and extend to the undrilled resource potential on the structure. Interested parties will then be able to follow the development as it continues to expand and produce more and more of these critical resources.'