Big Star Energy has an on-going helium prospect generation programme focusing on Utah, Colorado, Arizona and New Mexico where helium has previously produced to surface in high concentrations of between 2%-10% of the raw gas stream.
This programme has identified 30 prospects and leads in our initial focus area from analysis of existing gravity and aero-magnetic data combined with surface mapping utilising historical geological maps and well data. The initial focus area is in an area with historic nearby helium production and well tests confirming helium in multiple stacked reservoirs.
A significant leasing programme is underway over high-graded prospects.
Further information is available on the Company’s ASX Announcements.