Ann: JACKSON 29 FLOW TEST AND GAS ANALYSIS UPDATE, page-19

Moureeses,
Wish it was on some volume, but its silly buggers numbers..
https://www.otcmarkets.com/stock/BSNLF/quote#trade-data

But will throw this little bit of reading in as well.
I was digging around trying to find a bit more on this..

Las Animas Leasing Inc (LAL), a wholly owned subsidiary of Blue Star Helium Limited, has continued to expand its helium lease holdings in Las Animas County, Colorado. As of December 2024, LAL's net acreage in the region stands at approximately 224,624 acres, reflecting a strategic consolidation of its helium exploration and development assets


{{Serenity Prospect: Under a Participation Agreement with Vecta Oil and Gas Ltd and Prospero Oil and Gas LLC, LAL holds a 50% non-operated interest in the Area of Mutual Interest (AMI), which encompasses the Serenity prospect. The AMI covers 14,551 net acres, with LAL contributing 4,334 net acres}}

As of June 2024, Blue Star Helium Limited has acquired full ownership of the Serenity Prospect in Las Animas County, Colorado. Previously, under a 2021 Participation Agreement, Las Animas Leasing Inc held a 50% non-operated interest in a 14,551 net acre Area of Mutual Interest (AMI) alongside Vecta Oil & Gas Ltd and Prospero Oil & Gas LLC.

Blue Star increased its stake to 100% by assigning 1,640 net mineral acres in T28S R54W to Vecta and its partners, without any cash or scrip consideration.

The Serenity Prospect includes the Sammons 315310C well, which encountered a high-grade natural CO₂ accumulation during testing, with gas compositions averaging 98.77% CO₂, 1.15% nitrogen, and 0.09% helium.

Blue Star plans to develop a small-scale, low-capex facility targeting first production of beverage-grade CO₂ in H1 2025, processing approximately 500 Mcf/d of raw gas to produce 20–25 tons per day of liquid CO₂.

---- not on target and not getting a mention at the moment it seems.. gone off on test drilling other holes to get that cap raise going..

This strategic acquisition aligns with Blue Star's broader objective to commercialize both helium and CO₂ resources in the region, leveraging synergies with its Galactica/Pegasus helium project.

Here is a comprehensive and updated timeline detailing Blue Star Helium’s lease developments and operational milestones across Las Animas and Lincoln Counties in Colorado:

️ Las Animas County: Lease Developments & Operations

December 2021 Blue Star entered into a Participation Agreement with Vecta Oil & Gas Ltd and Prospero Oil & Gas LLC to jointly develop helium leases in an Area of Mutual Interest (AMI) encompassing the Serenity prospect. Blue Star contributed 4,334 net acres to the 14,551 net acre AMI, holding a 50% non-operated interest.
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January 2022 Secured four mineral leases totaling 16,303 gross acres (11,090 net acres) for the Galactica/Pegasus prospects, with a five-year term and a 17.5% royalty rate.
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December 2022 Completed the initial Plan of Development for the Las Animas helium project, targeting first helium output and sales from Voyager in H2 2023. The plan included drilling 3-4 development wells and leasing a processing facility from an experienced US mid-stream party .
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April 2023 Received final approval from the Colorado Oil and Gas Conservation Commission (COGCC) to drill the first two helium development wells (BBB 33#1 and 34#1) at the Voyager project. Drilling was expected to commence in late Q2 or Q3 2023

- Blew this one. and screwed shareholders for that 50% buy in and farm in..
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August 2024 Finalized a farm-in agreement with Helium One, granting them a 50% interest in the Galactica/Pegasus Project. Helium One committed to funding the drilling of six development wells, with drilling expected to start in Q1 2025.
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April 2025 Received approval to construct a helium and CO₂ processing plant in Las Animas County, marking a significant advancement for the helium project.
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️ Lincoln County: Lease Developments & Operations

December 2024Entered into an option agreement with Wiepking-Fullerton Energy LLC (WFE) to acquire helium assets in Lincoln and Cheyenne Counties, including existing wellbores with historic helium concentrations of 1.36% to 2.02% and raw gas flow rates of 5,000 to 10,000 Mcfd. The assets also include substantial production infrastructure and proximity to the Ladder Creek helium liquefaction facility.
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January 2025Commenced well testing in Lincoln County as part of the evaluation of the WFE assets. The initial wells tested were Ma State 16 and Bubba State 3, focusing on the V11 and Keyes formation.ance with a constrained flow rate of 2,500 Mcfd and helium concentrations between 1.32% and 1.36%. The reservoir pressure was estimated at 1,464 psig with high permeability (~700 mD.)
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April 2025Completed workover at Bubba State 3 well to isolate the Keyes formation. The well flowed naturally after swabbing and was shut in with strong pressure build-up, awaiting testing. The rig moved to Big Wampum 4 to start workover for Keyes formation testing.