Blue Star Helium received approvals for three additional wells at its Galactica/Pegasus fields - Jackson #01, Jackson #02 and Jackson #03 - bringing the total approved development well count to seven. These wells will be drilled as offset development wells to the previously discovered helium locations in 2022 (helium content of ~6% and flow rates of ~412mcf/d). Blue Star's chosen development pathway also finds validation from the Red Rocks helium project, located within Blue Star’s acreage, which recently commenced helium sales into the market and also validates the chosen midstream development pathway for its maiden high-grade Voyager helium project.
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