Australian oil and gas exploration company Big Star Energy has leased a further 59,510 gross (14,877 net) acres across its prospect and lead portfolio in Colorado, US.
The news comes just two days after the company said it had acquired 63 new leases in Colorado at the State Land auction, which brought its gross to 27,104.
“Big Star now has 86,614 gross acres in total, giving us an industry-significant lease position in this highly prospective helium area,” Joanne Kendrick, Big Star Managing Director, said.
“Importantly this new lease also covers two additional helium anomalies from our regional soil gas survey acquired earlier this year.”
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