BNL 16.7% 0.7¢ blue star helium limited

Ann: Update on BBB 33 Evaluation and Bolling 4 Drilling, page-68

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    https://hotcopper.com.au/data/attachments/5955/5955261-797ff098f51de3c08884addf730dbfa9.jpg


    The operating costs to process 2mmcf/day of raw gas at 8% helium is US$120/mcf approx with 37700mcf/year of helium produced it appears..

    So total extraction costs of about AUD7m/year might remain constant.

    The main difference however is the helium produced if avg 3% versus 8%. At 8% it's average US120/mcf operating cost approx when producing 37700mcf/yr of helium. If avg 3% and producing 14138mcf/yr approx (37700 x (3/8)) of helium the same extraction costs of AUD7m apply to 14138mcf/yr so the operating costs per mcf produced would be a fair bit higher by the look of it.

    Obviously for BNL if they can get higher than 3% over time from the vacuum process if there were impurities in the original data that will help improve potential margins.

    https://hotcopper.com.au/data/attachments/5955/5955295-04bb5d7ef5fa517946384de8413c6ae0.jpg



 
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