Blue Star Helium Limited has received approval to drill five additional helium wells

Blue Star Helium Limited (ASX: BNL) announced a significant update regarding permitting helium development wells at its Galactica/Pegasus helium project in Las Animas County, Colorado. The Environmental Management Commission has approved permits to drill five additional helium development wells at the project. The combination of these new wells and the successful State 16 well—currently in suspension awaiting production tie-in—positions it to enhance the initial gas-gathering efforts for the Galactica helium production facility.

It anticipates commencing drilling operations in the fourth quarter of 2024, which will be a pivotal step toward establishing its production capabilities and meeting growing demand in the helium market.

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