Galactica Project Development Well Permitting and Scheduling Update

Blue Star Helium Limited (ASX: BNL) provides a status update on development well permitting at its Galactica helium project in Colorado. The Colorado Energy and Carbon Management Commission will hear the application to approve Galactica Pegasus OGDP I on September 4, 2024, and the company plans to apply for final permits to drill five new development well locations after the hearing.

Drilling these wells with the installation of the helium production facility and tie-in of wells is also targeted for the near future. These new wells and the existing State 16 well are expected to form the initial gas gathering system into the Galactica helium production facility, which the company is targeting to install and tie in the wells by Q4 2024. New development well locations are scheduled for September 4, 2024.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com