… Blue Star Helium (ASX:BNL) is another independent helium...

… Blue Star Helium (ASX:BNL) is another independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America.In an 8 June company announcement, Blue Star Managing Director and CEO Trent Spry says the company is validating its commercialisation model.“While our maiden Voyager development is the focus for our operations team targeting Q4 first helium, work continues in parallel on the exciting Galactica/Pegasus project where the company had 4 successful discoveries over the 2 prospects in 2022 and moved into development planning.Galactica/Pegasus is a larger scale project, and we are pleased that 3 more well locations have been approved. With 4 wells already approved this will soon bring the development well inventory to 7 with an additional 4 already proceeding through the Oil and Gas Development Plan (OGDP) process and a further 20 wells in various degrees of permitting readiness.”Spry says Galactica/Pegasus development planning is advancing with a range of commercialisation pathways under consideration, including an initial leased plant and third party operated option with expansion expected to include a potential CO2 by-product stream.“The third-party owned Red Rocks helium project adjoining Galactica recently commenced selling helium into the market from 2 wells, via an IACX-operated helium recovery plant. Not only does this project demonstrate the expected viability of our Galactica project, it also validates the broader commercialisation model of Blue Star’s chosen development pathway at Voyager.