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- Blue Star Helium (BNL) completes drilling of an exploratory water well at its Las Animas County helium project in the US state of Colorado as work on other water wells progresses
- Analysis of gas encountered while drilling the first water well is under way and the second well has been cased above the Lyons formation
- The second well will be drilling ahead this week and upon completion the company will move to the third
- Blue Star says it has also run wireline logs at an existing water well nearby, which will provide data to help better define Lyons formation targets in the area
- BNL shares last traded at 3.9 cents on April 26
Blue Star Helium (BNL) has completed drilling of an exploratory water well at its Las Animas County helium project in the US state of Colorado as work on other water wells progresses.
Earlier this month the company told investors it had begun drilling two of a planned four or five exploratory water wells at the Galactica and Pegasus prospects.
With the first exploratory water well complete, Blue Star said analysis of gas encountered during the drilling was under way.
The second well in the program has been drilled and cased above the Lyons formations and the company said the well would be drilling ahead later this week.
Upon completion of the second well, drilling of the third was set to commence shortly.
Blue Star said it had also been given permission to run a suite of wireline logs at an existing water well about 6.5 kilometres north of its second water well.
According to the company, the log data has provided valuable stratigraphic and depth information that will aid in better defining Lyons formation targets in the Galactica and Pegasus area.
BNL shares last traded at 3.9 cents on April 26.
