Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) is making strong progress with development well permitting at the Galactica-Pegasus Helium Project in Las Animas County, Colorado.
In the latest development, the Colorado Oil and Gas Conservation Commission (COGCC) has accepted the 'Galactica-Pegasus OGDP II' as complete and passed it to the final review and hearing phase.
Three Jackson wells
This oil and gas development plan (OGDP) relates to three wells - Jackson 1, Jackson 2 and Jackson 3.
The company is particularly encouraged by the record pace at which this was achieved with COGCC accepting this OGDP as complete within 65 days of its submission.
This compares very favourably to the five Las Animas OGDPs that have previously been submitted by Blue Star and two other operators which were accepted by COGCC as complete on an average of 121 days.
The currently proposed development wells at Galactica/Pegasus.
Forms 2A approved
The state body has also approved the Forms 2A relating to each of State 09, State 16, State 35 and State 36, which relate to the ‘State 09 & 16 3054’ and ‘State 35 & 36 OGDP’ oil and gas development plans recently approved by the COGCC.
This development enables the company to submit the final Form 2s in respect of these wells.
Seven proposed development wells are now in advanced stages of permitting to follow up four helium discoveries at Galactica-Pegasus.
These seven wells are to be drilled as offset development wells to the JXSN#1 and JXSN#2 helium discoveries made earlier this year.
The current status of Blue Star’s helium development well permitting activities in Las Animas County, Colorado.