Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) has appointed highly experienced senior finance and Colorado oil and gas executive Scott Fenoglio in the position of chief financial officer (CFO) effective immediately.
In his 20 years’ experience Fenoglio has served as CFO of Ossidiana Energy, a Colorado-based E&P business focused on the DJ Basin in Wyoming.
He has also held senior finance executive roles at Colorado-based Bonanza Creek Energy Inc. and Noble Energy Inc (NASDAQ:NBL).
Fenoglio has been brought in as BNL continues its development planning of the company’s recent helium discovery successes at Voyager, Galactica/Pegasus and Serenity.
He will provide key input into the assessment of the various development scenarios being evaluated by BNL, including evaluating various facility options, suppliers and offtake strategies in the critically undersupplied helium market.
The new CFO will also be a core part of analysing the economic benefits of these various scenarios and communicating with key stakeholders.
“I am excited to be joining Blue Star at this seminal stage of its evolution," Fenoglio said. "I was attracted to the business given its combination of premium acreage location in a proven helium district, reservoir quality – including high concentration – and strong asset advancement delivered to date.
"I look forward to assisting in driving Blue Star’s Las Animas portfolio into production and cashflow,” he said.
To bring invaluable input
“We are delighted to welcome Scott to the team at this exciting time for the company, Blue Star managing director and CEO Trent Spry said.
“Scott’s input will be invaluable as we evaluate the various development and offtake scenarios that our central location amongst key infrastructure, including liquefaction plants, within a buoyant helium market, affords us.”