Australia's Blue Star Helium leaps on approval to drill two wells in U.S.

Blue Star Helium

19/04/2023 02:17

** Shares of helium explorer Blue Star Helium Ltd  BNL.AX 
rise as much as 16.1% to A$0.036, posting their best intraday
pct gain since Dec. 29, 2022
    ** Stock hits highest level since Feb. 3
    ** Co says got approval to build the first two helium
development wells in Colorado, U.S. as part of its Voyager
helium development project
    ** Co on track for first helium sales from the project in
the second half of the year
    ** Trading volumes about 5 times the 30-day average, more
than 13 mln shares traded so far
    ** As of last close, stock down 22.5% YTD

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))