BNL blue star helium limited

Ann: Jackson 31 Flow Test and Gas Analysis Update, page-15

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    The higher helium concentration and strong flow rates at Jackson-31 align with prior results and indicate a commercially viable field. The upward trend in helium content is particularly promising, making Blue Star Helium’s production goal for 2025 more realistic.

    By way of comparison - from the same Helium One financial report:

    Helium One holds Prospecting Licences across two distinct project areas in Tanzania.The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the northand southwest of the country.

    These assets lie near surface seeps with helium concentrations ranging up to10.2% helium by volume.


    Helium concentrations up to 10.2%. Care needed with 'up to' terms but sounds rather impressive.

    All of Helium One's licences are held on a 100% equity basis.

    The 100% equity basis is obviously for their Tanzanian assets. That is a biggie. A little different for BNL where they farmed out half the farm and couple that with lower concentrations.

    Don't get me wrong, the news from BNL sounds positive but they too should have gone at this on a 100% equity basis - thus doubling any income once in production - production that should have already occurred had expectations been fulfilled. AIMO
 
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