Only 3 weeks to go, holding tight guys

Blue Star Helium eyes final drill permit for Enterprise 16#1 well in Q4, 2021

The company’s strategy is to find and develop new supplies of low-cost, high-grade helium in North America.

Blue Star Helium Ltd (ASX:BNL, OTC:AZZEF) has completed the public review process for its Form 2A Oil and Gas Development Plan (OGDP) application for the Enterprise 16#1 exploration well in Las Animas County, Colorado.

Importantly, no active petitions were filed against the application at the process deadline of September 27, 2021.

The process now moves to the hearing stage where Blue Star’s application has been listed to be heard by the Colorado Oil and Gas Conservation Commission (COGCC) on October 27, 2021.

Blue Star expects the final permit to drill the Enterprise 16#1 exploration well will be received during the December quarter of 2021.

Shares have been as much as 12.1% higher this morning to A$0.065, a new 6-year high.

About Helium

Helium is a unique industrial gas that exhibits characteristics both of a bulk, commodity gas and of a high-value speciality gas and is considered a 'high tech' strategic element.

Due to its unique chemical and physical qualities, helium is a vital element in the manufacture of MRIs and semiconductors and is critical for fibre optic cable manufacturing, hard disc manufacture and cooling, space exploration, rocketry, lifting and high-level science.

To date, there is no method of manufacturing helium artificially and most of the world’s reserves have been derived as a by-product of the extraction of natural hydrocarbon gas.

About Blue Star

Blue Star is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America.

The company’s strategy is to find and develop new supplies of low-cost, high-grade helium in North America.