Blue Star Helium appoints Gregg Peters as Non-executive Director

Blue Star Helium has appointed Gregg Peters, Chief Operating Officer at the Edelgas Group, as a non-executive Director.

Prior to serving for the Edelgas Group, Peters was a helium director at Linde, where he managed all aspects of commercial helium operations, including price strategy, contracting, client portfolios, and supply system development.

He also spent six years as director of industrial gas for Praxair’s packaged gas business, responsible for the financial performance and development of all gas products, including atmospherics, fuel gases, and CO2, and the expansion of the microbulk initiative.

Trent Spry, Managing Director for Blue Star, said he is pleased to welcome Peters to the team at a time when the company is moving towards targeted production from its high-grade Voyager helium project and advancing commercialisation pathways for its Galactica/Pegasus discoveries.

He added, “Both Peters and I are equally excited about the potential of our existing exploration portfolio and additional future developments of new potential resource discoveries from our existing exploration portfolio and beyond.”

Just last week, Blue Star Helium said it will upgrade its development well design, incorporating valuable insights gained from neighbouring drilling activities near its Galactica and Pegasus discoveries in Colorado.

It is hoped the decision will optimise production. The announcement was made after careful consideration of engineering advice and insights into flow modelling and pressure draw-down considerations.

Read more: Blue Star Helium upgrades well design to enhance Colorado operations

Excited to be part of these ventures, Peters said, “With no projected softening in helium demand, and market dynamics driving the need for true diversity in sources of supply, Blue Star Helium becomes one of the most exciting near-term production opportunities for the market.”

With Peters’ appointment representing the addition of a second independent non-executive director to the Blue Star Board, Ross Warner has elected to step down from the Board effective 10th September 2023.

Mr Neil Rinaldi will assume the role of Non-Executive Chairman. Rinaldi has been a non-executive director of the Company since April 2021.

Warner will remain with the Company in the executive role of President, Commercial and Legal.

Helium Super Summit 2023

Four major global shortages in 18 years, and yet the greatest challenge facing the helium business in 2023/24 is the uncertainty that hangs over the market and its array of end-users.

The source of that uncertainty – and perhaps the enduring Helium Shortage 4.0 – is the terse geopolitical climate the world is engulfed in. Sourcing, shipping and supplying helium where it’s needed has arguably never been more challenging, or rewarding.

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