BNL - Blue Star Helium

[kingcarmleo]

Payback period is looking fine as long as economic conditions stay the same.

 

[pilots]

Payback period is looking fine as long as economic conditions stay the same.

At long last it has started to move, about time, looks good the number of holes they plan to drill this year.

 

[brettc4]

After a very shallow uptrend since 2011, we have had a very step run up over the last 6 weeks.
I expect a retracement before it goes much higher.
A successful test of $0.54 would be encouraging.

 

[tradernor]

The problem here is the debt. The company has high debt compared to its EBITDA. I think this is what the company has to solve in cooperation with its biggest shareholder.

 

[tradernor]

According to the latest quarterly report, AZZ had $58.5 million in bank debt from Macquarie Bank.
This is too much because the quarterly cash flow for the first quarter of 2014 was less than $1 million. The company cannot handle its debt with this low cash flow.


http://www.antaresenergy.com/wp-content/uploads/2014/04/2014-04-30-Quarterly-ASX.pdf

 

[System]

On June 6th, 2018, Antares Energy Limited (AZZ) changed its name and ASX code to Big Star Energy Limited (BNL).

 

[greggles]

Big Star Energy coming back to life recently following the announcement dated 22 August where it informed the market that it had completed the acquisition of the Enterprise helium prospect, situated in the Four Corners States area, which is defined as consisting of the southwestern corner of Colorado, southeastern corner of Utah, northeastern corner of Arizona, and northwestern corner of New Mexico.

The initial lease of 1,800 gross acres is for an initial term of 5years, with an option to renew for a further 5 years,and a 12.5% royalty. It does not include any minimum work commitments. Big Star has 100% working interest in the lease and is the operator. The Company is seeking to lease the remainder of the mineral rights at the Enterprise prospect on the same terms.

On 29 August BNL announced that helium soil gas sampling at the Enterprise prospect was complete.

Today the company released a follow-up announcement stating that the laboratory has confirmed that 187 of the 188 helium soil gas samples taken have recorded helium at greater than atmospheric levels (5.24ppm) of which 167 returned between 10-100% above normal atmospheric levels.

As a result of today's announcement the BNL share price has spiked 33.3% to 1.6c on volume of over 78 million shares. However, since 22 August it has risen from 0.5c to 1.6c. Market cap is still only $7 million.

Just a heads up for those who may be interested.

 

[System]

On May 12th, 2020, Big Star Energy Limited changed its name to Big Star Helium Limited.

 

[Dona Ferentes]

Helium Market Outlook

It’s a challenging time for all of us but it’s also one of opportunity with the helium market itself being relatively resilient to COVID-19 related effects. After a sustained period of 10-15% critical shortage in helium supply prior to COVID-19, there has been reduced short-term demand in sectors such as party balloons and diving gas. However, demand still continues in critical applications including health (MRI, Heliox), military, computing and communications.

Conversely, there is also some helium supply disruption resulting from low natural gas prices and a worldwide LNG glut. Demand and pricing of natural gas and LNG is a key factor in helium supply – the vast majority of both current helium supply and forecast new helium supplies are byproducts of hydrocarbon production.

Aim is to drill in the historical Model Dome helium field in Colorado.
- secured new acreage in recent auctions
- planned drilling likely to be cheaper because of rig availability

Covid-19 has changed the market somewhat; prior to this, there was a perceived shortage emerging
https://www.cnbc.com/2019/06/21/helium-shortage-why-the-worlds-supply-is-drying-up.html

 

[Chronos-Plutus]

Helium Market Outlook




Aim is to drill in the historical Model Dome helium field in Colorado.
- secured new acreage in recent auctions
- planned drilling likely to be cheaper because of rig availability

Covid-19 has changed the market somewhat; prior to this, there was a perceived shortage emerging
https://www.cnbc.com/2019/06/21/helium-shortage-why-the-worlds-supply-is-drying-up.html

Some exposure to helium, might be good for the portfolio

https://www.bluestarhelium.com/wp-content/uploads/2020/06/6980955.pdf

 

[greggles]

I'm picking BNL for the September competition purely based on price action. It's gone from 1.5c to 2.6c in the last week but today it really took off, finishing on its high with plenty of volume at the close.

No announcements in the last few weeks and I can't seem to figure out from recent announcements whether one is due. Not quite sure what's going on but I am hoping that what we have been seeing this week is a sign of a leaky ship and that a surprise announcement is coming this week.

 

[barney]

I'm picking BNL for the September competition purely based on price action. It's gone from 1.5c to 2.6c in the last week but today it really took off,

Its gone ballistic .... Good luck Greg

 

[Cam019]

Longer term...

Shorter term...

 

[aus_trader]

There hasn't been any posts on this stock since around this time last year. Just noticed it's pushing through short term resistance towards intermediate resistance...

Haven't come across Helium stocks, so this one looks interesting.

Don't know much about this gas other than coming across it when filling up balloons with Helium gas for parties etc.?

On the other hand done a bit of research into it's periodic table neighbour Hydrogen, which is in the green energy space and I have an asx hydrogen play in the speculative portfolio.

 

[againsthegrain]

There hasn't been any posts on this stock since around this time last year. Just noticed it's pushing through short term resistance towards intermediate resistance...

View attachment 130322

Haven't come across Helium stocks, so this one looks interesting.

Don't know much about this gas other than coming across it when filling up balloons with Helium gas for parties etc.?

On the other hand done a bit of research into it's periodic table neighbour Hydrogen, which is in the green energy space and I have an asx hydrogen play in the speculative portfolio.

Helium has became quiet rare and in demand the last few years, also good chances hydrogen also pops up around helium and the other way around.

I think hydrogen has a big future in the green energy sector and joining the dots I am quiet convinced Twiggy is working hard on it to start making green iron.

Look into glv if you are interested in hydrogen it is also a interesting time on that one

 

[aus_trader]

I think hydrogen has a big future in the green energy sector and joining the dots I am quiet convinced Twiggy is working hard on it to start making green iron.

Yeah, he's a visionary and good at getting into early stages of future plays that could transform into something significant. Also I think he is smart to divest beyond his Iron Ore fortunes.?

Thanks for the info.

 

[Dona Ferentes]

Drilling update; love the last para.

Drilling of the first Galactica/Pegasus exploratory water well, JXSN#1, has been completed. Laboratory analysis of gas encountered while drilling is underway. The Company plans to provide a further update after initial evaluation of all data from the well is complete.

The second exploratory water well, JXSN#2, has been drilled and cased above the Lyons formation. The well will be drilling ahead later this week.

Drilling of the third exploratory water well, JXSN#3, is expected to commence promptly after completion of JXSN#2, with Blue Star personnel at the well location collecting and evaluating data.

Additionally, a rancher with a relatively deep (for the area) existing water well approximately 6.5 miles north of JXSN#2 has allowed Blue Star to run a suite of wireline logs in the well. The log data has provided valuable stratigraphic and depth information helping to better define Lyons formation prospects in the Galactica and Pegasus area.

 

[noirua]

Blue Star Helium (ASX:BNL) confirms high concentration helium discovery at Galactica/Pegasus

Blue Star Helium (ASX:BNL) has confirmed high concentration helium discovery well, JXSN#4 on its Galactica/Pegasus prospect in Las Animas County, Colorado.

themarketherald.com.au

Blue Star Helium (BNL) has confirmed a high concentration helium discovery at the JXSN#4 discovery well in its Galactica/Pegasus prospect in Las Animas County, Colorado.

The company has confirmed a 233.5 feet gas column with 133.5 feet of net pay across the upper and lower Lyons at JXSN#4.

 

[greggles]

Double bottom at 2.1c followed by a 19% share price increase on Friday after news of a gas processing agreement being signed with IACX Energy LLC for the provision of helium recovery services at the company's maiden helium development, Voyager.

it's all starting to look very interesting and I hope we see a little more share price momentum in July.

 

[frugal.rock]

In April 2020, Big Star Energy changed its name to
Blue Star Helium
@Joe Blow or @Sean K