Welcome to our dedicated page for Blue Star Helium news (Ticker: BSNLF), a resource for investors and traders seeking the latest updates and insights on Blue Star Helium stock.
Blue Star Helium Ltd (BSNLF) is a leading helium production company that has executed a maiden Master Services Agreement (MSA) for helium recovery at its Voyager helium project with IACX Energy, a fully integrated helium production, processing, and marketing company. The company is expected to produce 38MMcf of helium in the first year of full capacity and aims to target premium pricing in short-term U.S. contract markets and spot sales.
Blue Star Helium Ltd (OTCQB:BSNLF) announced the leasing of a processing facility from a U.S. midstream operator in preparation for the development of at least three wells at its Voyager project. This initiative is expected to generate helium output and sales by H2 2023, with an initial development cost of $2.9 million. Additionally, permitting for adjacent high-grade wells is anticipated to be completed throughout 2023. The company is also engaging Sproule for a resource update at its Galactica Pegasus project, with a contingent resource announcement expected in Q1 2023.
Blue Star Helium (OTCQB: BSNLF) announces key outcomes from its Initial Plan of Development for the Las Animas Helium Project in Colorado. The Voyager project is set for first helium output and sales in H2 CY2023, requiring a low capital expenditure of US$2.9M. An experienced US mid-stream operator will lease and manage the processing facility. The project targets the short-term contract market due to premium pricing. In addition, resource updates for the Galactica/Pegasus projects are underway to enhance helium and CO2 production forecasts.
Blue Star Helium Ltd (OTCQB:BSNLF) is nearing approval for its first four development wells in Las Animas, Colorado, following significant helium discoveries in 2022. An additional 13 wells are expected to receive approval from December 2022 to May 2023, along with 19 further permit applications. The company's independent valuation estimates a share price between A$0.13 and A$0.25, with A$9 million in cash and no debt. Helium sales contracts are anticipated, leveraging high market prices. The report emphasizes ongoing resource assessments at recent discoveries.
Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) has declared a maiden contingent resource of 643 MMscf of helium at its Voyager Field, following an independent evaluation by Sproule. The high side estimate (3C) stands at 1,228 MMscf. The company plans to develop 15 wells at Voyager and aims to complete the initial processing facility's development by Q4 2022. Commissioning of the first helium production facility is targeted for H2 2023. This declaration marks a significant milestone for Blue Star, as they transition from contingent resources to reserves.
FAQ
What is the current stock price of Blue Star Helium (BSNLF)?
What is the market cap of Blue Star Helium (BSNLF)?
What is Blue Star Helium Ltd?
What is the expected helium production capacity of Blue Star Helium Ltd?
Who is IACX Energy?
What are the competitive advantages of Blue Star Helium Ltd?
What is the focus of Blue Star Helium Ltd in Q4?
Is Blue Star Helium Ltd committed to price-concession offtake agreements?
How can the helium output be increased at Blue Star Helium Ltd?
What are the de-risking benefits of the partnership with IACX Energy?
Who is the CEO of Blue Star Helium Ltd?
How can I contact Blue Star Helium Ltd?
