Company
ASX:BNL
Blue Star Helium Ltd (ASX:BNL) is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. The company's strategy is to find and develop new supplies of low cost, high grade helium in North America.
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The independent helium exploration and production company is seeking to expand its drilling program to a minimum of three wells and up to five wells to test several prospects in its portfolio.
The new leases could impact the prospective resource for both the Galileo and Enterprise prospects.
The new leases are expected to enable the company to drill multiple wells in its maiden drilling program.
The company is well-placed to benefit from its substantial oil and gas experience in exploring for helium across highly prospective tenements in the Las Animas region of Colorado, USA.
Today’s top gainers on the ASX include Blue Star Helium Ltd (ASX:BNL) (+13.79%), Australian Vanadium Ltd (ASX:AVL) (+14.29%) and Mako Gold Ltd (ASX:MKG) (+10.00%).
The company has leased an addition 5,356 net acres in the highly prospective Las Animas region of Colorado.
The company has the dominant position in Las Animas County, Colorado, with more than 120,000 gross (65,000) net acres.
