Helium One has acquired a 50% stake in Blue Star Helium’s Galactica-Pegasus project in Colorado, following a farm-out deal signed back in August.
Located in the helium fairway of Las Animas County, the Blue Star Helium site is projected to produce both helium and carbon dioxide (CO2). Post deal, Blue Star will remain the operator of the project.
Read more: Helium One to acquire 50% stake in Blue Star Helium’s Colorado project
Helium paid Blue Star $1.5m for past costs and funding six development wells, each capped at $450,000.
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