PR Newswire
22 May 2023, 15:17 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 Singapore Star 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 Singapore Star.
More InformationLONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...
Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...
NEW YORK: On Tuesday, former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison for trading on inside ...
NEW YORK: This week, the Virginia-based Students for Fair Admissions, founded by affirmative action opponent Edward Blum, sued the U.S. ...
LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...
TOKYO, Japan: This week, Toshiba revealed that a tender offer worth US$14 billion from Japan Industrial Partners (JIP) was a ...