CONTINGENT RESOURCE CERTIFIED FOR VOYAGER FIELD
Retrieved on:
Tuesday, September 27, 2022
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PERTH, Australia, Sept. 27, 2022 /PRNewswire/ -- Blue Star Helium Limited (ASX:BNL, OTCQB:BSNLF) (Blue Star or the Company) announces a maiden contingent resource declaration at its Voyager Field (100% BNL), following the BBB#1 helium discovery and independent evaluation by Sproule. No previous resource estimate existed for the Voyager prospect.
Key Points:
- The 2C contingent resources of 643 MMscf at Voyager are in addition to the Company's previously announced prospective resources across its Las Animas tenure (see BNL announcement 10June 2021; there was no previous resource estimate for Voyager).
- The Voyager Field's Resources have been independently evaluated and certified by Sproule in accordance with the definitions of Reserves, Contingent Resources and Prospective Resources and guidelines set out in the Society of Petroleum Engineers Petroleum Resources Management System (SPE-PRMS, 2018).
- The Voyager Field closure was updated with the additional information from the BBB#1 well which was drilled on the Voyager structural high.
- Sproule has estimated, by the methodology specified below, helium volumetrics for the Voyager Field of Las Animas County, Colorado.