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- Blue Star Helium (BNL) appoints Scott Fenoglio as its new Chief Financial Officer
- The appointment comes in conjunction with the development planning of Blue Star’s recent helium discoveries at the Voyager, Galactica/Pegasus and Serenity prospects
- In the new role, the incoming CFO will help assess various development scenarios under evaluation by the company
- Mr Fenoglio will commence in his new role immediately
- Blue Star Helium is up 3.45 per cent and trading at 3 cents at 11:48 am AEST
Blue Star Helium (BNL) has appointed Scott Fenoglio as its new Chief Financial Officer.
Mr Fenoglio brings to the company almost 20 years of oil and gas executive and finance experience, having most recently held the role of CFO of Ossidiana Energy.
The appointment comes in conjunction with the development planning of Blue Star’s recent helium discovery successes at the Voyager, Galactica/Pegasus and Serenity prospects.
In the new role, the incoming CFO will help assess various development scenarios under evaluation by the company, including the evaluation of suppliers and offtake strategies in the undersupplied helium market.
He will also be a core part of analysing the economic benefits of these various scenarios and communicating with key stakeholders.
Blue Star Managing Director and CEO Trent Spry said the company was “delighted” to welcome Scott to the team.
“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,” Mr Spry said.
Blue Star has offered the new CFO 10 million incentive performance rights, in five equal tranches, on the same terms as the existing rights.
Mr Fenoglio will commence in his new role immediately.
Blue Star Helium was up 3.45 per cent and trading at 3 cents at 11:48 am AEST.
