Now that we all agree on the minimum helium prices of US$1,000mcf helium can be achieved, have a look at this senorio below..
IMO...If BNL's 5 single drill down -holes wells containing 6.4% Helium and producing 500,000mcf/d which will give Blue Star helium Revenue of US$58M /annum Using current minimum helium prices of US$1,000mcf .
But if BNL can also stimulate each of the 5 downhole wells of the upper and lower formation of helium bearing wells , by using high pressure horizontal drilling and high pressure sand stimulation (fracking) methods, This would be a game changer for BNL shareholders ,we could see 3 x the flow rates of helium production from each well at grades of 6.4 % Helium...WOW..this would be awesome.
DYOR
256lith
(20min delay)