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Blue Star Helium to spud initial production well in just weeks

Published 13/11/2023, 11:24 am
Blue Star Helium to spud initial production well in just weeks

The initial production well of Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF), BBB #33, at the Voyager Project in Colorado, USA, is scheduled to spud in the week commencing November 27.

The company’s drilling contractor, Hydro Resources Rocky Mountain Inc, has advised that it will spud BBB #33 following the completion of their current job.

Final site works are being undertaken and a spudder rig will be used to set the surface conductor in preparation for arrival of the main drill rig.

Drilling operations are expected to take six to 10 days to reach planned total depth (TD) of drilling. The well will be wireline logged at TD for two days after which it will be flow and pressure tested for five days.

"An exciting time"

Blue Star managing director and CEO Trent Spry said: “I am looking forward to being in the field to oversee the drilling of our first production well.

"It is an exciting time for Blue Star as we await not only the results of this first production well but also the final drilling approvals for an additional four helium production wells that can be tied into our first helium production facility operated by IACX.

“These further approvals will bring our initial production drilling inventory to six wells and the flexibility to optimise drilling of the discovered resource at Voyager with the BBB #33 well being the first.”

Offset well to BBB#1 discovery well

BBB #33 is an offset well to the BBB#1 discovery well which tested the Voyager prospect in November 2021, encountering a calculated air-free gas concentration of 8.8% helium in a 134-foot gas column interpreted in the Lyons formation.

BBB #33 is about 230 metres from BBB#1. Blue Helium notes that the helium concentration seen at BBB#1 is comparable to that seen at the Model Dome historic production analogue which averaged 8% helium some six miles south on the same regional structure.

The company anticipates that upon successful testing, the BBB #33 well will be completed, ready to be tied in to production facilities that will be installed by IACX later this year. Casing and conductor are already on location and wellheads are ready to be delivered to site for completion.

Well-heads ready for delivery to site at completion.

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