1StockInformer wrote: One gas plays critical roles in scientific research, medical technology, manufacturing, space exploration, and national defence. Helium's chemical inertness and indispensable nature in various applications underscore the significance of a dependable supply. Given helium's pivotal role in numerous critical fields, Total Helium Ltd. (Ticker: TOH.v or TTLHF for US investors) is actively advancing efforts to secure a stable domestic helium supply in the United States.
Total Helium Ltd.'s Efforts to Secure a Stable US Helium Supply
At its Pinta South Helium Field in Arizona's Holbrook Basin, TOH has successfully drilled 19 wells, with nine of them already linked to a 6-mile pipeline. The remaining ten wells are at different stages of pipeline connection, indicating substantial progress toward increased production.
Impressive Productivity Achieved in Pipeline-Connected Wells
Two of the wells connected to the pipeline have demonstrated impressive productivity, consistently delivering helium concentrations ranging from 7.58% to 7.83% at rates of 232 Mcf/d. Additionally, during the testing of three other wells, the total production reached 450 Mcf/d, aligning seamlessly with TOH's initial expectations.
OperaUpdates from Total Helium Ltd.
Yesterday, TOH gave some important updates
https://www.totalhelium.com/cool_timeline/total-helium-announces-management-change-and-special-concession/
This includes that it has secured a special concession from Butler Minerals 1 LLC, the project operator of Pinta South, to cover drilling expenses for the next five wells on the project which will be drilled into its 700-1,200 feet deep Shinarump formation.
Furthermore, TOH is actively pursuing additional well-completion activities, including the acidizing of two of their wells. This strategic approach aims to enhance production rates by improving connectivity from the boreholes to the reservoir.
New Interim CEO
Finally, TOH also shared that it has appointed Robert Johnston as interim Chief Executive Officer, leveraging his extensive experience in the oil and gas industry. With a proven track record at establishing the oil and gas exploration company Atalaya Resources, LLC, and being the Vice President of the Central Region at the Apache Corporation, he is well-positioned to guide TOH through this exciting phase of growth.
More on TOH here: https://www.totalhelium.com/
Posted on behalf of Total Helium Ltd.