Exploring the Promise of Total Helium's Pinta South Project The Helium Gas Market is anticipated to undergo substantial expansion between 2023 and 2030, largely due to the rising demand for portable and adaptable devices powered by helium gas.
https://www.linkedin.com/pulse/helium-gas-market-2023-industry-size-statistics
However, we are already experiencing significant and long-lasting helium supply shortages, begging the question of whether supply will be able to keep up with demand.
With this, helium companies that are actively working to expand their production, like Total Helium (TOH.v or TTLHF for US investors), are paramount in meeting rising demand.
TOH possesses a 50% stake in the strategically located Pinta South Helium Project within Arizona's Holbrook Basin. Covering an expansive 27,000 acres, the Pinta South field offers numerous opportunities for cost-effective expansion.
Currently, the project boasts nine operational helium wells, with an additional ten wells in various stages of development. The integration of these newly developed wells into the production network is expected to result in a significant upswing in helium production and a corresponding increase in revenue.
The initial well results have shown helium concentrations of 8.11% and 8.22%, which is a substantial improvement compared to the typical concentration of 0.5%.
In the first quarter of the upcoming year, TOH is planning to initiate phase 2 drilling at the project, adding the 30 additional wells for which it has secured permits.
Overall the project is thought to have the potential to host 300 wells at an average cost of just $220,000 per well.
Company deck: https://www.totalhelium.com/wp-content/uploads/2023/08/TOH-Investor-Presentation.pdf
Posted on behalf of Total Helium Ltd.