ASX-listed aspiring US helium developer, Blue Star Helium has elevated Executive Director and Geoscientist, Trent Spry to the company’s corner office. Mr Spry, who has been appointed as Managing Director and Chief Executive Officer of Blue Star, has more than 25 years of experience in the oil, gas and helium sectors and is regarded as a leading authority on helium within the niche helium market.
He has originated numerous projects from concept or acquisition through to discovery, appraisal and their successful development or divestment onshore in the US, in the Gulf of Mexico, in Australia and South-East Asia.
Mr Spry is well placed to take the reins at Perth-based Blue Star, having served as an Executive Director of the company and been intimately involved in implementing its current helium business plan.
His analysis of Blue Star’s key helium ground in Las Animas County in Colorado culminated in the latest stated global helium resource estimate for the company of 9.6 billion cubic feet across a handful of prospects.
The combined resource speaks for five assessed prospects in Blue Star’s Las Animas asset portfolio. They are Enterprise, Galileo, Galactica, Pegasus and Argo, all of which are within cooee of the historic high-grade Model Dome helium field that produced helium gas at a bonanza grade of 8 per cent in its day.
Perth-based Mr Spry was also a founding member of the American Association of Petroleum Geologists Energy Minerals Division Critical Minerals Sub-Committee on helium.
The appointment of Mr Spry follows the departure of Blue Star’s previous Managing Director, Joanne Kendrick, who leaves the company after overseeing the acquisition of its substantial existing helium acreage and the delineation of resources across the Las Animas project.
Blue Star hopes to launch an expanded maiden drilling campaign comprising three to five wells sometime this year, subject to regulatory drilling permit approvals.
The $50 million market-capped company expects to submit its first permitting application in the coming days for the drilling of its first well at Enterprise.
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