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Blue Star Makes Progress on Voyager Helium Development

Blue Star Helium has secured the majority of the Voyager helium resource area with new crestal leases and has added two high-graded well locations. Colorado Oil and Gas Conservation Commission (COGCC) is expected to issue final approvals for the BBB 33#1 and 34#1 helium wells this month and drilling of the first of these wells planned for late Q2 or Q3. It is targeting first helium production and sales from Voyager before year end. Blue Star has also acquired further strategic mineral leases and surface access agreements, and is finalising negotiations with a mid-stream company for the lease of a helium processing facility. The company has a planned capex budget of US$2.9M with 3-4 initial development wells at Voyager. Blue Star expects raw gas throughput of 2 mmcf/d for helium gas output (98.0%+ purity) and targeted helium production of 44mmcf per annum.

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