All this gas coming to surface, (supposedly). They have to be close to having industry wanting it.
They are paying for someone (I have his name in research) that is suppose to be a guru in the industry for teh sales side of CO2.. But this has been a carrot dangled for a number of years.. But he has still been on the payroll.
Interesting the company structure in place in the US for the leasing agreements and was trying to dig into this a bit deeper. We kinda know as soon as a opertunity arises management will stick it to retail, it's written into the history of this company.
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Still, got to give it to them, just enough interest here with these last drills, at least they are not hitting water and or dry runs. I will be a broken record as they farked up the previous two years with going for the one big bonza drill. Where they could have owned outright this patch.
Interesting, enough they haven't plugged and abandoned yet so I wonder if they is more to this then they are letting on to the market.. Wouldn't supprise me.
Qck recap.. Via the LLMs as on phone.
The wells that Blue Star Helium drilled in 2024 and reported as underperforming were BBB #33 and Bolling #4 SESW at the Voyager Project. Both wells encountered gas-filled Lyons formations with good porosity, but initial flow testing showed minimal-to-no flow and low wellhead pressure, which was unexpected given the gas saturation observed in wireline logs. Subsequent evaluations indicated that the reservoir could produce under vacuum compression, but these results led the company to pause development at Voyager in favor of focusing on the Galactica/Pegasus project.
In contrast, the State 16 well at the Galactica project, drilled in June 2024, demonstrated better performance. It achieved sustained natural flow rates of 150 Mcfd with helium concentrations up to 1.9% and showed strong reservoir pressure and permeability. Further testing with vacuum compression increased flow rates to 285 Mcfd.
Therefore, the underperforming wells in 2024 were BBB #33 and Bolling #4 SESW at the Voyager Project, while State 16 at Galactica showed promising results.
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