Total Helium Ltd TTLHF

Primary Symbol: V.TOH Alternate Symbol(s): V.TOH.WT | V.TOH.WT.A

Chemicals Specialty Chemicals

Total Helium Ltd. is a Canada-based company. The Company’s principal business activity is helium exploration, production and storage solutions. The Company’s main footprint includes helium-producing assets in the prolific Holbrook Basin of Arizona, where its wells produce 5-8% helium concentrations. The Company has a 50% venture interest in the Pinta South Helium Project in Arizona. The Company holds an interest in existing helium production as well as a working interest in a large-scale helium exploration and production program in the Holbrook Basin (the Pinta South Project). It owns a 20% interest in two producing wells and a 50% interest in eight additional existing wells. It supplies American high-tech industries with high-grade green helium. Its subsidiaries include 1313119 B.C. Ltd., 1319454 B.C. Ltd., and Brooks Range Corporation.

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Post by MarketMakersson Oct 30, 2023 5:54pm

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Post# 35708193

TOH Appoints Director Robert Johnston as Interim CEO

Rapidly scaling helium producer located in Arizona's helium-rich Holbrook Basin, Total Helium (TOH.v TTLHF) has appointed Robert Johnston, a current Director, as interim CEO of the company, effective immediately.

With extensive geological experience, Johnston established Atalaya Resources, a private oil and gas exploration company in West Oklahoma and the Texas Panhandle, and was Vice President of Apache Corporation where he was responsible for a range of Basins worldwide.

Additionally, TOH has initiated additional completion activities at its Pinta South Project including acidizing 2 of the 7 wells to improve connectivity from the boreholes to the reservoir for enhancing production rates.

This news follows TOH's previously announced update from its 27,000-acre Pinta South Project which boasts remarkable helium concentrations ranging from 5% to 8%, a significant improvement compared to the 3% concentrations seen among other producers.

To date, 19 wells have been drilled with 9 connected to a newly constructed 6-mile pipeline that transports gas to Ranger Development, a third-party processing facility. The production is then being sold to a large industrial gas company via an offtake agreement.

Notably, two of the 9 connected wells have consistently produced 232 Mcf/d with high helium concentrations between 7.58% and 7.83%. During the initial testing phase of three additional wells, total production rose to 450 Mcf/d in line with expectations.

An additional 10 wells are in various stages of completion and pipeline connections.

Furthermore, numerous high-grade drilling locations have additionally been identified and TOH has filed for an additional 28 drilling permits, expected to be approved within the next 30-60 days.

On track to have 30 wells operational by year-end, TOH is making significant progress at Pinta South ahead of its final trajectory to expand operations to encompass over 300 wells.

For more information, check out TOH's latest interview with Stocks To Watch regarding their current production capacity, low-cost and low-risk strategies and expansion plans with Stocks to Watch: https://www.youtube.com/watch?v=6GOdPX_U1jU&ab_channel=StocksToWatch

Latest News Release: https://www.totalhelium.com/cool_timeline/total-helium-announces-management-change-and-special-concession/

Posted on behalf of Total Helium Ltd.

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