Ann: Las Animas Helium Portfolio Development Strategy, page-47

This company has a poor track record of informing shareholders. What happened to the Area of Mutual Interest?

From the 31/10/22 Quarterly Report

Sammons 315310C well (Serenity prospect, 50% BNL)
The Sammons Ranch OGDP consists of four (4) proposed well locations in the Sammons Area of
Mutual Interest (AMI) agreed between Blue Star (50%, non-operated interest), Prospero Oil and
Gas LLC (Prospero) (25%, non-operated interest) and Vecta Oil & Gas Ltd (Vecta) (25% operating
interest) (see BNL ASX announcement of 22 December 2021).
Vecta is operator in the AMI. Vecta has advised the Company that the Sammons 315310C well
was spudded on 4 August 2022 and was drilled to 1,166 feet intersecting the Lyons formation at
1,155 feet. Initial testing confirmed high gas rates and increasing flow pressure at the well. Further
drilling commenced and penetrated the complete upper Lyons sand, representing an 83-foot gas
column of high-quality reservoir. The flowing pressure was reportedly increasing, and gas rates
were as high as 500 mmcf/d. Casing was set at 1,270 feet in the shale separating the upper and
lower Lyons sands. The lower Lyons sand was penetrated at 1,308 feet and 15 feet of sand was
drilled. The drilled section was completely gas filled with no water being encountered during drilling.
Initial flow testing was conducted with gas rates of 115 mcf/d.
The Company and Vecta are in discussions regarding the future approach to commercialising this
project.

If anyone has seen an update on AMI please point me in the right direction.