OTCQB:IMPHF - Post by User
Post by
maysilverstoneon Jun 15, 2021 5:28pm
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Imperial Helium Expands Lease Area In Southern Alberta
Imperial Helium Expands Lease Area In Southern Alberta For those new to the helium sector, Imperial Helium is a stock that was just listed a couple of weeks ago and is definitely one to watch. The current price is $0.36, with multiple analysts giving them a 'Buy' rating with price targets around $1.00.
Earlier this month they announced that an additional 17,583 Ha lease has been acquired with rights to a target helium property. They now hold 24,635 Ha with rights for natural gas below the base of the Big Valley and Nisku formations.
Drilling the helium well will start later this month and will take about 40 days for the drilling & well to be completed, and an additional 6 weeks to evaluate the data. A second well is planned after all data from the first well has been fully integrated into the reservoir model.
Huge opportunity here as helium is in high demand due to the limited supply globally as accessible helium concentrations are rare.
Found this YouTube video from the Deep Dive where the CEO of $IHC provides an overview of Imperial, while also discussing the helium market as a whole by examining the history of helium and its pricing, demand levers, and the difficulties associated with handling the gas.