Member Info for Zoffy

Https://www.bluestarhelium.com/wp-content/uploads/2025/02/61250809.pdf

In Brief...

Blue Star Helium Limited (ASX:BNL, OTC:BSNLF) is pleased to announce the commencement of well testing activities at its newly optioned helium assets in the Great Plains field in Lincoln and Cheyene Counties, Colorado.

These tests will be crucial in confirming our assessment of these strategically located assets, which include existing wellbores with historic helium shows of 1.36% to 2.02% and raw gas flow rates of 5,000 to 10,000 Mcfd.

The initial wells to be tested are Ma State 16 and Bubba State 3. This will involve downhole operations to prepare the V11 or Keyes formations for testing. The tests will measure helium concentrations, flow rates and pressures in order to establish gas well type curves, estimate expected ultimate recoveries (EUR) for the assessment of commerciality and guide option exercise and development decisions. Positive test results could be a major catalyst for Blue Star, paving the way for a rapid and capexlite development with strong operational synergies with our existing projects.

Words of wisdom from Hokey_Cokey which align with my views. I do hope the long term investors do well. And I really do mean that! AIM can be very unforgiving...

The rampers on here are very quick to state the price drop is a reflection of the current markets when they are not performing. However GB and EURO markets are up today so why does the HE1 knife keep falling?

Just don't get cut...The knife is sharp.

14:42

GBX 0.85

-4.43%

-0.039 Today

It's not looking peachy currently...

And this is new news? Regurgitating stuff thats been know for ages...

Pub for once a sensible post at 22:41

Why the Best Case is Unlikely:

Unproven Resources & Extraction Risks – Even if Rukwa has helium at commercial viability this is uncertain.

Production & Revenue Assumptions Are Overly Aggressive – Many hurdles remain before HE1 reaches meaningful production.

Valuation Multiples Are Not Guaranteed – A 5-10x multiple assumes stability, but HE1’s risks could lead to lower valuations.

Funding Needs & a POSSIBLE Share Dilution Will Impact Returns – Expansion requires capital, which MAY dilute shares and reduce upside.

A more realistic approach is to lower your expectations, factoring in execution risks, financing challenges, and lower valuation multiples.

While HE1 has potential, the best-case scenario significantly downplays real-world obstacles that could limit its market cap and share price growth.

If and a BIG if Rukwa comes good with the ML and positive commercial extractions it has a chance. but not at the crazy figures suggested...

OP: While you present an optimistic outlook, it misses critical risks, including execution challenges, funding concerns, regulatory uncertainties, and potential delays. AIM is notorious for high volatility, dilution, and unfulfilled promises. Patience alone is not a strategy, you must assess whether the risk-reward profile is favorable or if the market's skepticism is justified.

And you couldn't reply to Crusty's original thread but had to make another?

StamfordFridge When the SP was around the 1.5p mark the ML was priced in as the general feeling was that it would come quite quickly. It is still partially priced in and you may see a small boost but I wouldn't get too excited...

McNol FYI I closed my CFD's weeks ago. I actually hold a few of these now. But the constant baseless ramping is just bonkers. PubCrawl makes a a trash post with little evidence and it gets 10 recommends. It doesn't do the forum any good at all.

Not trolling just replying to the nonsensical posts. The ramping is desperate.

That's great. Keep regurgitating old news....

304.8 mm

US $450k per well x 6 = US$2.7M

Bluestar have cash A$2.6M so approx US$1.3

HE1 paid US$1.5M

So they have US$2.8M total to play with. Doesn't leave a lot of reserve in the risk pot if the wells are not commercial.

Maybe I have read this wrong but another placing may well be on the cards.

In case you missed it...

https://www.bluestarhelium.com/wp-content/uploads/2025/01/61248525.pdf

So the rampers have this thing about green boxing the derampers.

The problem with this is that anyone visiting the board with a view to gaining some info sees all the posts. The rampers have green boxed the derampers, therefore the rampers have not countered the deramper.

Surely a Win Win for the deramping crew?

Or it could go the other way if Colorado is non productive (Nothing guaranteed in this game)

Rukwa - Once the FS is released and a "BIG IF" if it is positive the big boys may step in and steal the prize! I'd be very surprised if there wasn't a takeover. I'm sure the BOD and shareholders wouldn't turn down a nice offer.

If the FS is lacklustre or ML not approved then say goodbye to your investment

The ramping is laughable...