Blue Star Helium Limited · ASX:BNL

Blue Star Helium — Resurgence Conference 2020

19 slides from Blue Star Helium's conference presentation, Sep 14, 2020

  1. Slide 1: Finding and developing low cost, high grade helium in USA

    For personal use only Finding and developing low cost, high grade helium in USA Presentation to Resurgence Conference 14-16 September 2020 ASX : BNL

  2. Slide 2: Disclaimer and Important Information

    DISCLAIMER AND IMPORTANT INFORMATION For personal use only This presentation has been prepared by Blue Star Helium (ACN 009 230 835) (BNL). Each recipient of this presentation is deemed to have agreed to accept the qualifications, limitations and disclaimers set out below. Net Recoverable Helium 1U

  3. Slide 3: Value Summary

    VALUE SUMMARY HELIUM PURE-PLAY STRATEGY  Find and develop low cost, high grade helium resources in USA For personal use only  High price commodity; increasing high-tech demand  Only helium pure play on ASX ASSET BASE  Enterprise & Galileo  3BCF P50 prospective helium resource (independently ass

  4. Slide 4: Helium Demand & Pricing

    HELIUM DEMAND & PRICING For personal use only Sources : International Monetary Fund; BLM 4

  5. Slide 5: Helium Global Supply

    HELIUM GLOBAL SUPPLY For personal use only Model Dome Historical Field 8% He Russia Algeria LNG BNL Enterprise & Galileo Prospects 0.4% He 0.17% He 3BCF P50 prospective resource* 0.1BCF/yr 0.5BCF/yr Hugoton Gas 0.5% He 0.5BCF/yr Exxon La Barge (CO2) 0.7% He US Strategic Reserve 1.5BCF/yr He Storage

  6. Slide 6: US Helium Market

    US HELIUM MARKET US Domestic Mineral Supply Risk For personal use only Helium supply risk USA – CENTRE OF GLOBAL HELIUM MARKET AND SUPPLY CHAIN increase 2007 to 2016  40% total market share feeding greatest demand  Premium in-ground helium grades Helium 2007 Helium 2016  “Strategic Commodity” cla

  7. Slide 7: Drilling Planned 4Q 2020

    For personal use only DRILLING PLANNED 4Q 2020 3BCF in Enterprise and Galileo Fast, low cost, modular development concept upon success Prime location & high grade resource 7

  8. Slide 8: Proven Helium Play Fairway

    PROVEN HELIUM PLAY FAIRWAY NW feet SE Elevated Helium Sample Anomaly For personal use only Enterprise Galileo Model Dome below sea level Prospect Prospect Field feet below Blaine Fm (Seal) sea level Lyons Fm (Reservoir) Model Dome field in proven play fairway: Soil gas sampling & petrophysical analy

  9. Slide 9: Enterprise & Galileo Prospects 3 BCF P50 Prospective Helium Resource

    ENTERPRISE & GALILEO PROSPECTS 3 BCF (3,000,000 mcf) P50 Prospective Helium Resource* For personal use only Net Recoverable Helium (mmcf)* 1U (P90) 2U (P50) 3U (P10) • Net to Blue Star, after applicable royalties • Shallow target depth 1,000-1,200 ft Enterprise Prospect 372 2,296 5,003 • US$300k pro

  10. Slide 10: Modular Development Concept

    MODULAR DEVELOPMENT CONCEPT  Staged, standard-size modular development concept upon success For personal use only  2mmcf/d raw gas nameplate capacity  ~50mmcf helium per annum (at P50 He concentration)  Plant mobilisation time to site ~6 months  5 simple vertical producers (similar to proof of

  11. Slide 11: Accelerating the Portfolio

    For personal use only ACCELERATING THE PORTFOLIO Dominant land position across proven helium play fairway Maturing 1-3 additional prospects to boost drilling campaign Additional acreage and prospective resources estimates 11

  12. Slide 12: Enterprise and Galileo Leases

    Enterprise Leases 2.3 BCF P50 For personal use only Prospective Resources Galileo Leases 0.7 BCF P50 Prospective Resources 12 12

  13. Slide 13: Blue Star's Helium Portfolio

    BLUE STAR’S HELIUM PORTFOLIO First mover in Las Animas, Colorado For personal use only  Historical production at Model Dome (Top 3 grade in USA)  Proven helium play fairway  Helium charge  High quality reservoir & seal pair  11+ prospects and leads within proven play fairway  Technical work fo

  14. Slide 14: Forward Plan

    FORWARD PLAN For personal use only Enterprise Drilling Program  Well permitting approvals and surface use agreements  Contract and mobilise rig  Drill and test 4Q 2020 after permit approval Mature Further Prospects and Leads  Consolidate leasing  Infield surveys  Prospective resources assessme

  15. Slide 15: Helium Pure-Play

    For personal use only HELIUM PURE-PLAY Proven Helium Play Fairway High grade resource Low cost, high impact drilling program 4Q 2020 15

  16. Slide 16: Corporate Structure

    CORPORATE STRUCTURE For personal use only Market Snapshot ASX: BNL Share Price Performance (to 11 September 2020) Supportive Shareholder Base* Board and Management Ross Warner – Executive Chairman Lawyer with 15+ years in oil and gas particularly in the United States, 10.1% 3.4% UK and Indonesia 3.4

  17. Slide 17: Blue Star Helium Limited

    For personal use only Blue Star Helium Limited (ASX: BNL) ACN 009 230 835 info@bluestarhelium.com.au www.bluestarhelium.com

  18. Slide 18: Units & Glossary

    UNITS & GLOSSARY For personal use only Unit Measure Unit Measure B Prefix - billions Bcf billion cubic feet mm Prefix - millions mmcf million cubic feet m Prefix - thousands mcf thousand cubic feet /d Suffix - per day Term Description 1U (P90), 2U (P50) and 3U In a probabilistic resource distributio

  19. Slide 19: Mineral Rights in USA

    For personal use only MINERAL RIGHTS IN USA 1. The system of mineral ownership and development in the USA is owners leases its mineral interests to a lessee, the lessee will have an the lease at its sole risk and expense (“working interest” or “WI”). The substantially different to the system in Aust

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