Helium exploration company Blue Star Helium (Blue Star) has commenced trading on the OTCQB Venture Market (OTCQB).
Trading under the ticker ‘BSNLF’, the company’s listing on the OTCQB market expands its presence in the North American trading market, in addition to delivering potential for enhanced liquidity in Blue Star’s trading.
Having amassed a landholding of over 250,000 gross acres in Las Animas Country, Colorado, Blue Star has positioned its operations in key markets, in addition to the Model Dome helium field – a site with historical vertical well production rates of 500 – 1,000 mcf (million cubic feet) per day at an average 8% helium concentration.
The company’s prospect areas – all at shallow depths – hold an independently verified 2U prospective He resource of 13.4 Bcf (billion cubic feet), which is estimated at a hydrocarbon-free raw gas concentration of 8% He.
Its introduction on the OTCQB platform comes at a time when the company is set to further develop its drilling operations to help satiate the demand presented by a rapidly growing market.