TSXV:TOH - Post Discussion
Post by
MarketMakerss on Oct 04, 2023 4:25pm
"Stable Green Helium Supply for US High-Tech Industries"
Spanning 27,000, Pinta South distinguishes itself with remarkable helium concentrations of 5% to 8%. This is a substantial improvement over the helium concentrations seen of up to 3% and is significantly higher than other producers.
With this, TOH formed 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 partnership has secured Pinta South's economic viability with 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.
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