PR Newswire
22 May 2023, 10:47 GMT+10
PERTH, Australia, May 22, 2023 /PRNewswire/ -- Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) ("Blue Star" or the "Company") provides an update on progress at its maiden Voyager helium development in Las Animas County, Colorado.
Highlights:
Initial development well drilling program
Blue Star has selected a drilling contractor to commence the development well drilling program for its maiden helium project at the high-grade Voyager discovery (BBB#1 8.8% helium; see BNL ASX release dated 17 November 2021).
Drilling is scheduled to commence during August and is planned to initially encompass three wells. These three wells are planned to be the approved BBB 33#1 and 34#1 helium development wells, as well as an exploratory well on the southern side of the interpreted crest designed to test the area of the new OGDP application. Drilling of the wells is set to include flow and pressure testing in preparation for Voyager production activities (while noting that the exploratory well will not be capable of being a producer).
Four additional well applications submitted
The Company recently submitted its next Oil and Gas Development Plan (OGDP) for the development of the Voyager prospect to the Colorado Oil and Gas Conservation Commission (COGCC). This second OGDP comprises four additional helium development well drilling locations.
The draft OGDP was amended down from the original five planned wells because of a delay in counterparty return of a negotiated signed mineral lease. This location will be the subject of a future OGDP submission as part of the Phase 2 development drilling. A pre-submission review of this new OGDP has been completed with the COGCC. No issues were identified in this preliminary review.
The COGCC also recently advised operators that it is implementing a revised permitting process which is designed to shorten the time between application submission and approval hearing to 4.5 months or less.
These four new development well locations, together with BBB 33#1 and 34#1, are expected to deliver a robust inventory of permitted wells from which to select the initial 2-4 production wells to deliver targeted nameplate helium output at Voyager.
Helium processing facility commercial discussions
Blue Star's discussions with a mid-stream company for the supply and operation of a helium processing facility at Voyager (see BNL ASX release dated 11 April 2023) are nearing completion and the contract documentation is now in agreed form. The mid-stream company has advised that its technical due diligence is substantially complete and, subject to final sign off, it expects to execute the documentation shortly.
The mid-stream company has also confirmed Q4 delivery, installation and commissioning of the facility. Accordingly, Blue Star remains on track for first helium production and sales from Voyager during Q4 CY2023.
Read the full release at: https://www.bluestarhelium.com/wp-content/uploads/2023/05/61150980.pdf
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...