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Blue Star Helium
(Sydney:BNL)
Blue Star Helium (BNL) vs. S&P 500 (SPY)
Blue Star Helium Business Overview & Revenue Model
Blue Star Helium Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 8.05K | ― | 12.33K | 8.54K | 5.63K | 10.79K | Gross Profit |
| -1.43M | 113.46K | 12.33K | -406.08K | -290.25K | -265.28K | EBIT |
| -3.60M | -3.19M | -4.47M | -1.47M | -1.69M | -774.26K | EBITDA |
| -11.39M | -3.12M | -6.01M | -1.39M | -1.70M | -954.76K | Net Income Common Stockholders |
| -11.67M | -3.13M | -6.02M | -1.40M | -1.69M | -906.96K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.14M | 6.87M | 6.82M | 15.63M | 4.91M | 1.14M | Total Assets |
| 2.06M | 22.50M | 19.61M | 22.73M | 9.04M | 2.06M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.14M | -6.87M | -6.82M | -15.63M | -4.91M | -1.14M | Total Liabilities |
| 802.34K | 583.18K | 878.04K | 818.71K | 630.03K | 802.34K | Stockholders Equity |
| 1.26M | 21.92M | 18.73M | 21.91M | 8.41M | 1.26M |
| Cash Flow | Free Cash Flow | ||||
| -8.28M | -6.78M | -8.85M | -4.33M | -4.88M | -1.41M | Operating Cash Flow |
| -3.15M | -3.20M | -2.15M | -1.53M | -1.31M | -855.35K | Investing Cash Flow |
| -5.81M | -3.56M | -6.70M | -2.80M | -3.57M | -552.31K | Financing Cash Flow |
| 6.57M | 6.98M | -4.43K | 15.06M | 8.72M | 2.04M |
Blue Star Helium Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $7.19B | 3.84 | -4.29% | 5.74% | 0.33% | -52.26% | |
47 Neutral | AU$155.54M | ― | -3.68% | ― | ― | 72.09% | |
47 Neutral | AU$11.91M | 56.67 | -5.62% | ― | -12.53% | -237.50% | |
45 Neutral | AU$43.66M | ― | -7.45% | ― | -51.70% | 50.00% | |
43 Neutral | $16.17M | ― | -80.38% | ― | 8.18% | -231.58% | |
41 Neutral | AU$11.78M | ― | -9.81% | ― | ― | -73.68% | |
22 Underperform | AU$4.83M | ― | -125.95% | ― | ― | -70.73% |
Blue Star Helium Corporate Events
Blue Star Helium Limited has announced promising initial results from the Jackson 27 well at its Galactica helium project in Colorado. The well has shown strong natural flow rates, increasing to over 320 Mcfd, with a projected stabilization between 350 to 450 Mcfd. The helium concentration in early samples is up to 0.41%, with a significant CO2 presence. These results are crucial for defining future development in the eastern flank of the Galactica project, potentially enhancing the company’s resource base and production capabilities.
Blue Star Helium has announced the spudding of the Jackson 2 well at its Galactica helium project in Colorado, marking the fifth well in the current drilling program. This development is part of the larger Galactica/Pegasus project, which Blue Star is advancing in partnership with Helium One Global Ltd. The new well is expected to enhance the project’s production potential and is anticipated to be integrated into existing production facilities, further supporting the commercialization efforts alongside the adjacent Red Rocks project.
Blue Star Helium Limited has successfully drilled the Jackson 27 well at its Galactica helium project in Las Animas County, Colorado, reaching the total depth with confirmed gas presence. The well, which penetrated 60 feet of high-quality, gas-saturated Lyons Sandstone, is expected to significantly advance the company’s commercial production capabilities. The ongoing success of this project, in partnership with Helium One Global Ltd, underlines the potential of the Galactica project and reinforces Blue Star’s position in the helium exploration industry.
Blue Star Helium Limited has announced promising initial results from the Jackson 29 development well at its Galactica helium project in Colorado. The well has shown strong natural flow rates, with helium concentrations reaching up to 3.30%, the highest in their current drilling campaign. The flow rates are projected to stabilize between 350 to 450 Mcfd, with a maximum potential of 550 Mcfd, indicating high permeability and good reservoir communication. These results align with the company’s expectations for a high-quality helium resource and could enhance its market positioning in the helium industry.
Blue Star Helium Limited has announced its Annual General Meeting, scheduled for May 23, 2025, in Perth. The company encourages shareholders to participate by lodging proxy forms and submitting questions in advance, which will help management prepare effectively for the meeting. This approach aims to enhance shareholder engagement and streamline the meeting process.
Blue Star Helium Limited has announced its Annual General Meeting scheduled for May 23, 2025, in Perth, Western Australia. The meeting will address key business matters including the consideration of financial statements, the adoption of the remuneration report, the re-election of Director Gregg Peters, and the approval of a mandate to issue up to 10% of the company’s equity securities. These resolutions are crucial for the company’s governance and future financial strategies.
Blue Star Helium Limited has commenced drilling the Jackson 27 well at its Galactica helium project in Las Animas County, Colorado. This development is part of the larger Galactica/Pegasus project, which was discovered in 2022 and is being advanced in collaboration with Helium One Global Ltd. The project aims to tap into multiple potential product streams, with the Jackson 27 well expected to be completed and connected to production facilities. The adjacent Red Rocks helium project further supports the commercialization efforts of the Galactica project.
Blue Star Helium Limited has successfully drilled the Jackson 29 well at its Galactica helium project in Colorado to its total depth, confirming the presence of gas through wireline logs. The well, which penetrated 61 feet of high-quality, gas-saturated Lyons Sandstone, showed strong natural flow during drilling, and samples have been sent for analysis. This development marks a significant step towards commercial production, enhancing the project’s potential and strengthening Blue Star’s position in the helium exploration industry. The company plans to continue its drilling campaign with the Jackson 27 well, supported by a joint venture with Helium One Global Ltd.
Blue Star Helium has successfully drilled the intermediate section of the Jackson 29 well at its Galactica project in Colorado. The completion of this phase marks a significant step in the company’s drilling program, with plans to proceed to the target Lyons formation. Successful testing and completion of the well could lead to its integration into production facilities, enhancing Blue Star’s helium production capabilities.
Blue Star Helium Limited announced positive initial results from the Jackson 4 well at its Galactica helium project in Colorado, highlighting strong natural flow rates and promising helium and CO2 concentrations. The well’s performance supports the company’s geological model and enhances confidence in future development, with projected stabilized flow rates between 250 to 350 Mcfd, and a maximum potential of 450 Mcfd. This development is crucial for maintaining optimal plant throughput for beverage-grade CO2 production, as high-CO2 wells are essential for blending input gas to achieve consistent CO2 feed.
Blue Star Helium Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in its operations. This announcement underscores Blue Star Helium’s dedication to maintaining robust governance practices, which is crucial for its industry positioning and stakeholder trust.
Blue Star Helium Limited has announced successful initial test results from the Ma State 16 well in Lincoln County, Colorado, demonstrating strong performance with a flow rate of 2,500 Mcfd and high helium concentrations of 1.32-1.36%. These results validate the Great Plains Field as a significant helium resource area and align with Blue Star’s strategy to expand its helium operations. The company plans further development and testing, including the Bubba State 3 well, and sees potential for increased well performance through minor treatments. This development is expected to enhance Blue Star’s market positioning and operational synergies, being located near its existing Las Animas helium assets.
Blue Star Helium announced the successful drilling of the intermediate section of the Jackson 4 well at its Galactica project in Colorado. The company is proceeding with casing and cementing, followed by further drilling into the target Lyons formation. This development is a significant step towards completing the well, which, upon successful testing, will be ready for production, potentially enhancing Blue Star’s position in the helium market.
Blue Star Helium has reported a significant increase in helium concentration at its State 16 well within the Galactica project in Las Animas County, Colorado. The helium concentration rose to 2.17%, up from a previous average of 1.65%, alongside a well head pressure of 10 psig, indicating strong reservoir connectivity. This development is seen as a positive indicator for the company’s broader portfolio and supports its ongoing development strategy, aiming to bring helium resources into production.
Blue Star Helium has announced the spudding of the Jackson 4 well at its Galactica helium project in Colorado, which is part of the larger Galactica/Pegasus development. This project, discovered in 2022, has shown promising helium concentrations and gas flows, and the new well is expected to enhance the project’s production capabilities. The development is supported by a joint venture with Helium One Global Ltd, which is funding part of the well’s costs, and is further bolstered by the adjacent Red Rocks helium project. Blue Star is also working on engineering solutions for CO2 removal and helium processing to optimize production.
Blue Star Helium has successfully drilled the intermediate section of the Jackson 31 development well at its Galactica project in Colorado. The company is progressing with casing and cementing, and plans to conduct further testing and complete the well for production, which could enhance its position in the helium market.
Blue Star Helium has commenced drilling the Jackson 31 well at its Galactica helium project in Colorado, aiming to assess its production potential. This initiative is part of the broader Galactica/Pegasus development, which has already shown promising helium concentrations. The company is advancing the project in partnership with Helium One Global Ltd, which will fund the initial phase of the drilling. The development is positioned to enhance Blue Star’s market presence by potentially increasing helium supply, supported by engineering work on CO2 removal and helium processing.
Blue Star Helium Limited has commenced well testing activities at its helium assets in the Great Plains field, Lincoln County, Colorado. This initiative aims to confirm the commercial viability of strategically located assets with historical helium shows. Positive results could significantly advance Blue Star’s plans for rapid and cost-effective development, enhancing its resource base and operational synergies with existing projects.