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Total Helium Ltd V.TOH

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

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.


TSXV:TOH - Post by User

Post by BigSchlickon Dec 18, 2023 11:14am
574 Views
Post# 35789844

Sinking ship

Sinking shipAfter this last news release I have to say it looks pretty grim. All 7 newly drilled wells are nothing but holes in the ground. They produce 0 helium and cannot be reconnected. Also zero urgency by management and even the drillers from the pinta south company are showing they have little confidence in economic production. They were supposed to be drilling 5 carry wells starting now. They have now said they will drill 1 test will in 2 months from now weather dependent lol. The old ceo was nothing but a used cars salesman. Wouldn't be surprised if there's legal action from Haywood securities. 
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