OTCQB:IMPHF - Post by User
Post by
waves1on Oct 22, 2021 4:38pm
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Post# 34039146
$IHC's positive test results and addition of a third well!
$IHC's positive test results and addition of a third well! Imperial Helium Corp. ($IHC $IHC.v) recently announced positive results from the IHS Markit's independent production test analysis of the IHC-Steveville-2 well, as well as their intention to begin a third well in Q4 of 2021!
Highlights:
- Results of pressure transient analysis meet and exceed expectations
- Good porosity, high permeability and capability to drain at least four square miles of reservoir
- Results are consistent with guidance to have a production facility with a capacity of 10 mmcfd of raw gas from two-wells on stream in Q4 of 2022
Most notably, the well is capable of a sustained production rate with less than a 15% drawdown for a minimum of three years before it begins to decline.
$IHC has specialized in their ability to rapidly move from acquisition to production which is going to allow them to capitalize on the high demand for helium.
https://finance.yahoo.com/news/imperial-helium-announces-positive-independent-113000992.html