I put out a call today to IHC. Some confirmations to share I put out a call to IHC today to get some clarification on the news release. A few highlights and confirmations I wanted to share:
· IHC will drill, log and case with an expected timeframe of 3 weeks
· Following this, IHC will proceed with a minimum of two production tests, in multiple zones, over an eight-to ten-week period
- Given existing logs from the 16-11-020-12W4 well, IHC have strong anticipation thatIHC-Steveville-3 will become the second producing well in the field when brought online in Q4 2022
· Commercialisation is on track for Q4 2022 with flow rates per well anticipated to be 5-8mmcfd over a 15-plus year field life.
- Offtake discussion are progressing.
· IHC remain on schedule for first production of helium from the Steveville asset in the fourth quarter of 2022