Blue Star Helium continues three to
five well drilling campaign across
Las Animas landholding in Colorado

Snapshot

• Blue Star Helium passes key permitting milestone for Enterprise 16#1 well in Colorado
• Blue Star Helium boosts landholding and prospective helium resources at Las Animas
• Blue Star Helium nearly triples total resources in Las Animas portfolio with new independent report

Quick facts:Blue Star Helium Ltd

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ASX:BNL

Price:0.034 AUD

Market Cap:$42.74 m

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About the company

Blue Star Helium Ltd (ASX:BNL) is a Perth-headquartered independent helium exploration and production company with projects in North America.

The company’s strategy is to find and develop new supplies of low-cost, high-grade helium and it has a helium prospect generation program focusing on Utah, Colorado, Arizona and New Mexico, where helium has been previously produced.

This program has identified 30 prospects and leads in initial focus area.

How it is doing

23 Aug 2021

Blue Star Helium Ltd(ASX:BNL,OTC:AZZEF) has received notification that its Form 2A application for the Enterprise 16 #1 well has passed completeness review with the Colorado Oil and Gas Conservation Commission (COGCC).

The helium stock believes this is a key achievement following the uncertainty created earlier this year by regulatory changes to the State permitting process and executive orders from the Biden Administration that while targeted at hydrocarbon drilling, caused additional complexity and delay across applications for other drilling activities.

Blue Star understands that it is the first helium operator in Colorado to pass completeness on an OGDP application since the January rule changes.

It is also the first drilling application of any type to achieve this in Las Animas County since January and only the sixth overall across Colorado.

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05 Aug 2021

Blue Star Helium Ltd(ASX:BNL,OTC:AZZEF) expects to receive an advanced initial drilling permit for its Enterprise 16#1 well with the Colorado Oil and Gas Conservation Commission (COGCC) this quarter, while a further four applications to test the Galactica and Pegasus prospects are expected to be submitted to the COGCC in August.

During the quarter, the company’s US-based operations were busy furthering preparations, lease acquisitions, surveying and site assessments, as well as refining pathways to commercialisation.

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28 Apr 2021

Blue Star Helium Ltd(ASX:BNL) (OTCMKTS:AZZEF) has submitted an initial application, through its wholly-owned subsidiary BNL (Enterprise) Inc, for a permit to drill the Enterprise 16#1 well in Colorado, USA.

The initial application was submitted to the Colorado Oil and Gas Conservation Commission (COGCC) and under the new regulatory process, the final permit to drill is expected to be received during the third quarter of 2021.

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Insight: Blue Star Helium boosts landholding and prospective helium resources at Las...

10 Jun 2021

Blue Star Helium Ltd(ASX:BNL) (OTCMKTS:AZZEF) has substantially increased its landholding and prospective helium resources across Las Animas County in Colorado, USA.

The increase follows a recent federal lease completion, which formally granted Blue Star nearly 33,000 additional net acres within a helium play fairway.

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What management says

08 Feb 2021

Blue Star Helium Ltd's (ASX:BNL) (OTCMKTS:AZZEF) Joanne Kendrick talks Proactive's Andrew Scott through an independent prospective resource evaluation by Sproule Incorporated for the Galactica, Pegasus and Argo prospects which lie within a proven helium play fairway in Colorado, USA. The assessment has added a total P50 unrisked prospective helium resource of 6.1 BCF across the newly assessed prospects, with the historic wells at Galactica and Pegasus having interpreted gas shows.