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Blue Star Helium Limited - JACKSON 4 WELL DRILLED TO TD WITH GAS CONFIRMED GALACTICA PROJECT
Blue Star Helium Limited - JACKSON 4 WELL DRILLED TO TD WITH GAS CONFIRMED GALACTICA
About this update from Blue Star Helium Limited
[{"type":"text","content":"Blue Star Helium Limited (ASX:BNL, OTC:BSNLF) (Blue Star or the Company) is pleased to announce that the Jackson 4 L4 3154 development well at its Galactica helium project in Las Animas County, Colorado has been successfully drilled to its final total depth (TD).\nBlue Star Managing Director & CEO, Trent Spry, said 'We are pleased to have successfully completed the drilling of the second well in this current development well drilling campaign. The strong early results at Jackson 4 further expand the discovered resource at Galactica and support the impressive production potential of the Lyons Sandstone. This continued success further verifies the strength of our Galactica project and marks a significant step towards commercial productionJackson 4 Well Drilling and Initial Flow Testing Results\nThe well encountered the Lyons Formation at a depth of 1,198 feet and was completed deliberately 62 feet into the upper sand of the Lyons Formation at 1,260 feet (TD). The well exhibited strong naturally flow during drilling and at TD in line with the recent Jackson 31 observations. Significantly, no water was encountered during drilling of the Lyons Formation. Wireline logs confirmed this. Based on offset wells we expect the entire upper Lyons to be gas saturated as well as a significant portion of the lower Lyons sand. This well targeted the highest quality sandstone at the top of the upper Lyons Formation which is well connected to the entire gas column. During the natural flow of the well early gas samples were taken (note, these will be contaminated by air-drilling and will require air-correction) and are being delivered for laboratory analysis of helium and CO2 concentrations\nThe well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling. It is anticipated that, upon successful testing at Jackson 4, the well will be completed, ready to be tied-in to production facilities. The rig is currently planned to mobilise to the Jackson 29 SWNW 3054 well location where pad construction is underwayGalactica/Pegasus Development\nThe Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Four existing discoveries at Galactica/Pegasus (JXSN1 to JXSN4) have delivered ga...