Big Star has secured a significant lead over other parties that have woken up to the dwindling helium supply situation, with the company further increasing its total lease position. The company recently acquired an additional 11,981 net acres of land prospective for helium in Colorado after winning five new leases at the recent Bureau of Land Management auction in March and a further five leases from private owners. Big Star Energy’s total lease position now stretches over 121,086 gross (64,924 net) acres with 18 elevated helium readings recorded at surface across its leased acreage. Elevated helium readings are at least 10 per cent higher than atmospheric concentrations and are an indicator of an active helium system in the area. Managing director Joanne Kendrick says the new leases have more than doubled the company’s net position in the Enterprise prospect and the adjacent Galileo project. “We have recently commissioned an independent prospective resource evaluation of these prospects. Strategic leasing will continue as we plan and permit the drilling program,” she added. The company previously flagged that it planned to undertake a drilling program later this year. Kendrick said the latest auction had seen an increase in competition for acreage in the Las Animas County, with six bidders placing bids for nine parcels. These bids averaged about $US6.35 ($AUD10.33) per acre and top up at $US52 ($AUD84.04) per acre. Helium is a critical component in modern technology applications, and it sees the most use in MRI and nuclear medicine, both of which are becoming more widely used globally. Despite this, helium is already in short supply and will become increasingly rare once the US Strategic Helium Reserve shuts in 2021. The other major source of gas is as a by-product of natural gas production, which due to ongoing low fossil fuel prices is unlikely to alleviate the supply shortfall.
-
Archives
- October 2023
- September 2023
- August 2023
- February 2023
- January 2023
- June 2022
- January 2022
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- March 2021
- February 2021
- January 2021
- December 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- May 2013
- April 2013
- February 2013
- January 2013
- December 2012
- November 2012
-
Meta