BNL (ASX) Ann: State 16 Well Drilled to TD with Logs Confirming Gas

Thanks for these posts - very informative.

The change in language from BNL is very noticeable - of course, we do await a positive outcome to testing and that needs to be spot on.

Thanks for taking the time to research and pen your posts.

Originally posted by DGcruzing: ↑

OK, here is a little run-through of this latest report, which shows my magic persona's doing its job.
For giggles, I rose to the occasion and deciphered 256's post to weave it in.
https://hotcopper.com.au/posts/74012620/single

Deciphering the Writing
The writing provided is an enthusiastic commentary on the unique properties of helium, particularly in the context of Blue Star Helium’s projects. Here’s a breakdown of the key points and how they fit into the progress reported so far:
Key Points:
Houdini Helium Atoms:
Helium atoms are described as "Houdini Helium Atoms" due to their small size, invisibility, and ability to move quickly and escape from reservoirs.
Helium is lighter and moves faster than other gases like nitrogen, oxygen, and CO2, which makes it prone to rising upwards and escaping.
Porosity and Reservoirs:
The 28% porosity of the sandy/sandstone soil structure in Blue Star Helium’s leased areas is considered excellent for the movement and extraction of helium.
This porosity allows helium to flow naturally when wells are fully open and a low-pressure differential is created.
Flow Mechanics:
When the wells are fully open, helium atoms naturally escape from the high-grade helium reservoirs due to their low-pressure environment.
The writing emphasizes the natural instinct of helium to rise and escape, making it easier to extract.
Voyager Wells:
The BBB #33 and Bolling #4 wells are highlighted as key sites where helium extraction is being tested.
The commentary suggests that once these wells are connected to PSA (Pressure Swing Adsorption) modular processing plants and fully opened, the helium will flow naturally into the processing plants due to the created low-pressure environment.
Economic and Operational Implications:
The potential for high-grade helium production using the described methods is seen as highly profitable.
There is an expectation for high flow rates (+400,000 mcf) from the Galactica project, based on the understanding of the reservoir pressures and the helium’s natural properties.
Official Statements:
Trent Sproule and Blue Star Helium’s engineers have confirmed the high-quality flow potential of the Lyons reservoir.
Initial type curves and economic analyses based on low reservoir pressure have been run, with ongoing sensitivity testing to refine the operational and economic parameters.
Fit into Progress So Far:
Recent Progress (27 May 2024 Report):
Completion of Drilling: The State 16 well has been successfully drilled to its total depth, and wireline logs have confirmed the presence of a gas-saturated Lyons formation.
Flow Testing: The well is currently undergoing flow and pressure testing, which aligns with the described natural flow and low-pressure extraction mechanics.
Economic and Operational Planning: The report mentions ongoing commercial discussions and the integration of test data into economic models, consistent with the commentary’s emphasis on economic potential and sensitivity testing.
Previous Updates (17 May 2024 Report):
Projected Operations: The previous update discussed the expected timeline for drilling and testing, with a focus on reaching total depth and conducting flow tests. The successful completion of these steps fits well with the enthusiastic projections of helium extraction efficiency.
Voyager Project: The writing mentions the BBB #33 and Bolling #4 wells, which were also highlighted in the previous report as key sites undergoing evaluation and remapping for potential commercial pathways.
Conclusion:
The enthusiastic commentary emphasizes the unique properties of helium and its extraction potential in Blue Star Helium’s projects. It aligns well with the reported progress, particularly the successful drilling and flow testing of the State 16 well and the ongoing evaluation of the Voyager wells. The described natural flow of helium and its economic implications are supported by the technical updates and strategic plans outlined in the recent reports.

Expand

No.	Vol.	Price($)
31	8024425	0.5¢

No.

Vol.

Price($)

8024425

0.5¢

Price($)	Vol.	No.
0.6¢	3582975	7

Price($)

Vol.

No.

0.6¢

3582975

No.	Vol.	Price($)
31	8024425	0.005
21	19675411	0.004
11	16810668	0.003
6	20032500	0.002
4	27405000	0.001

No.

Vol.

Price($)

8024425

0.005

19675411

0.004

16810668

0.003

20032500

0.002

27405000

0.001

Price($)	Vol.	No.
0.006	3582975	7
0.007	7124507	16
0.008	12240329	29
0.009	3930033	11
0.010	3983855	7

Price($)

Vol.

No.

0.006

3582975

0.007

7124507

0.008

12240329

0.009

3930033

0.010

3983855

(20min delay)
Last 0.6¢		Change 0.001(10.0%)		Mkt cap ! $14.82M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$211	38.35K

Ann: State 16 Well Drilled to TD with Logs Confirming Gas, page-29

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: State 16 Well Drilled to TD with Logs Confirming Gas, page-29

Top Stories

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Australia’s gas crisis is here – and dying coal plants aren’t helping

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News