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BLUE STAR HELIUM LIMITED Call Transcript 2010

May 9, 2010

64545_rns_2010-05-09_bf22dc99-6980-4a06-97cd-67e3265a0f3e.pdf

Call Transcript

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Level 2, 5 Ord Street West Perth WA 6005

PO Box 690 West Perth WA 6872

ANTARES ENERGY LIMITED

A.C.N. 009 230 835

Telephone: + 61 8 9324 2177 Facsimile: + 61 8 9324 1224 Website:www.antaresenergy.com Email: [email protected]

ASX ANNOUNCEMENT

ASX CODE: AZZ

10 May 2010

Companies Announcements Office Australian Securities Exchange Ltd 20 Bridge Street SYDNEY NSW 2000

ANTARES ENERGY – JEFFERIES CONFERENCE CALL BRIEFING

Please find below details of a conference call briefing that took place on Friday, 7[th] May 2010.

Antares’ latest presentation released to the ASX on 19[th] April 2010 was used for the briefing and was received by all participants.

Yours faithfully ANTARES ENERGY LIMITED

VICKY McAPPION Company Secretary

Jefferies

NOTICE OF ENERGY E&P CONFERENCE CALL

Eagle Ford Shale - Its Potential, Opportunities, and Challenges

A Conversation with Antares Energy

We are continuing our discussions on emerging shale oil plays. This time, the focus is on the Eagle Ford, where activities are brisk in all three areas (dry gas, wet gas, and oil windows) of the play. James Cruickshank (Chairman/CEO), Matt Gentry (COO) and Greg Shoemaker (Chief Scientist) from Antares Energy will discuss the company's prospects as well as opportunities and challenges facing the industry. Antares Energy is an ASX-listed operator with nearly 19,000 acres within the oil window of the Eagle Ford. The company's initial well tested at 790 bopd.

Those unable to join us live can email questions they would like to be asked to Biju Perincheril at [email protected] prior to the call or Subash Chandra at [email protected] .

HOSTED BY:

Subash Chandra , E&P Analyst, Jefferies & Co. Biju Perincheril , E&P Analyst, Jefferies & Co.

GUEST SPEAKER:

James A. Cruickshank – Chairman/CEO, Anatares Energy Matthew D. Gentry - COO, Antares Energy Gregory D. Shoemaker - Chief Scientist, Antares Energy

Friday, May 7th

11:00 a.m. ET (866) 900-5944 For International Callers: (706) 643-3801 Password: 73229868

A replay will be available starting 2 hours after the call until May 14, 2010 at midnight ET.

REPLAY: (800) 642-1687 or +1 (706) 645-9291 for International callers. Password: 73229868