Despite being the second most common element in the universe, helium is surprisingly rare on Earth. Currently, the market is grappling with a helium shortage which has profound impacts on a range of industries from healthcare to space exploration to semiconductor manufacturing. (Source:
https://www.greenmatters.com/big-impact/helium-shortage)
Amid this landscape, rapidly scaling helium producer, Total Helium (TOH.v TTLHF), has emerged as a high potential helium opportunity with remarkable helium concentrations.
Spanning 27,000 acres in Arizona's helium-rich Holbrook Basin, TOH is focused on its Pinta South Project which boasts remarkable helium concentrations of 5% to 8%. Notably, this is a substantial improvement over the usual helium concentrations seen of up to 3%.
Offering a fast development opportunity at a low cost, TOH has secured Pinta South's economic viability through a strategic partnership with Linde, the world's largest industrial gas company for the sale of its helium at a rate of USD$500 per MCF. This has secured a rapid payback period ranging from a few weeks to a maximum of three months.
On track to have 30 wells operational by year end, TOH's latest update had 19 wells drilled at Pinta South so far with its final trajectory to expand operations to encompass over 300 wells.
Of the 19 wells, two are operating at full capacity and producing a combined rate of 250mcf per day at concentrations of 8%, 7 operating at limited capacity, 4 expected to be operational by Q3 2023 and 5 awaiting completion and pipeline connection.
Posted on behalf of Total Helium Ltd