News Articles for Blue Star Helium

Former Blue Star Helium chief James Cruickshank has lost an 11th-hour bid to rid himself of an ASIC ban and $40,000 fine for failing to share asset sale details with investors.

James Cruickshank has been banned from managing companies for four years, after the former Blue Star Helium boss was found to have breached ASX disclosure laws.

Blue Star Helium has clinched a vital initial consent from US authorities as part of a new protracted pathway towards an eventual approval allowing it to drill a first exploration well at its exciting Las Animas helium project in Colorado. The ASX-listed US helium player now hopes to secure an all-important drilling permit in relation to its planned maiden well at the project's Enterprise prospect later this year.

Leading ASX-listed pure helium play, Blue Star Helium continues to expand its landholding around one of the world's highest-grade helium producing fields in Colorado, USA, ahead of its planned drilling start in the next quarter. The company has now more than doubled its tenure near the old Model Dome helium field in the past 12 months with its latest addition of nearly 33,000 net acres.

ASX-listed aspiring US helium developer, Blue Star Helium has elevated Executive Director and Geoscientist, Trent Spry to the company's corner office. Mr Spry, who has been appointed as Managing Director and Chief Executive Officer of Blue Star, has more than 25 years of experience in the oil, gas and helium sectors and is regarded as a leading authority on helium within the niche helium market.

ASX-listed Blue Star Helium's US helium development hopes have been given a massive lift on the back of a 175 per cent increase in combined potential resources to 9.6 billion cubic feet across five prospects at its Las Animas helium project in Colorado. The additional 6.1 billion cubic feet in “2U/P50 unrisked prospective” helium resources came from Blue Star's newly assessed Galactica, Pegasus and Argo prospects.

Blue Star Helium has picked up significant additional acreage across two leading prospects and other prospective ground at its Las Animas helium project in the US as it champs at the bit to kick off a highly anticipated maiden drill campaign comprising three and up to five wells in early 2021. The company has more than doubled its lease holdings around the historic high-grade Model Dome helium field this year.

Blue Star Helium has continued to expand its project tenure at its Las Animas helium play in Colorado in the proven high-grade helium fairway adjacent to the historic Model Dome helium field, as the company prepares for a much-anticipated maiden drilling program. It has just secured leases for a further 6,720 acres to increase its overall lease holdings to 182,000 gross or 127,000 net acres.

ASX-listed US helium player, Blue Star Helium, has upgraded the potential resources for two high-grade targets at its Las Animas helium project in Colorado ahead of a maiden drilling program. Perth-based Blue Star increased the combined prospective resources for the Enterprise and Galileo prospects by 16.5 per cent to 3.497 billion cubic feet of net recoverable helium in the 2U/P50 category.

ASX-listed Blue Star Helium continues to build out its strategic land bank in the USA that surrounds the historic Model Dome helium gas field which once produced helium at good rates with awesome yields. Blue Star has increased its net acreage holding to 120,000 acres, recently adding 12,557 net acres, mostly within its highly ranked Galileo prospect, due west of Model Dome.

The word “helium” conjures up images of kids' birthday parties, floating balloons, and squeaky voices, however, there is much more to the commercial proposition for helium. ASX-listed Blue Star Helium has backed itself in with a strategy to amass hordes of land in the USA that surrounds a historic helium gas field that once produced helium at awesome grades.