- Blue Star Helium (BNL) reports high gas rates and increasing flow pressure at the Sammons 315310C well in Las Animas County, Colorado.
- Drilling has penetrated the complete upper Lyons sand, representing an 83-foot gas column of high-quality reservoir with no water
- Since flow testing was undertaken three days ago, flowing pressure is reportedly increasing and gas rates have been as high as 500 million cubic feet per day
- Casing has been set to separate the upper and lower sands and drilling will continue 20 feet into the lower sand where initial flow testing will be undertaken and gas samples collected
- Blue Star shares are up 3.4 per cent and trading at three cents apiece at 1:33 pm AEST
Blue Star Helium (BNL) has reported high gas rates and increasing flow pressure at the Sammons 315310C well in Las Animas County, Colorado.
The well is one of four approved helium wells located in the AMI agreed between Blue Star, which holds a 50 per cent non-operated interest, Prospero Oil and Gas, which holds a 25 per cent non-operated interest, and Vecta Oil and Gas which is the operator and holds the remaining 25 per cent.
Drilling by Vecta has penetrated the complete upper Lyons sand, representing an 83-foot gas column of high-quality reservoir with no water.
Flow testing was conducted three days ago after the well was observed to be blowing gas.
Initial tests showed flow rates of between 380 million and 465 million cubic feet per day (mcfd) through a 1.25 inch orifice.
Now, the company said flowing pressure is increasing and gas rates have been as high as 500 mcfd.
Casing has been set at 1270 feet between the upper and lower Lyons sands, allowing the upper Lyons to be preserved for completion at a later date and the lower Lyons to be tested in isolation.
Drilling is set to continue 20 feet into the lower Lyons sand where initial flow testing will be undertaken and gas samples will be collected.
Blue Star shares were up 3.45 per cent and were trading at three cents apiece at 1:33 pm AEST.