$IHC just announced that they have begun drilling at its flagship property IHC Steveville 1. The spudded well marks the first for the company, and is one of two appraisal wells planned for the Steveville structure. The well is to be drilled to a total depth of 2,047 metres, with the well targeting the crest of the structure.
The company is currently focused on confirming the concentration of helium within the structure, as well as flow rates, to determine if the data matches the data collected from a blow-out that occurred in the 1940’s on the property.
$IHC is currently targeting the 4th quarter of 2021 for production testing and a resource estimate to be completed for the property.
For a quick breakdown of the Steveville property check out this video on the property and its potential value for $IHC
Great news for $IHC who is up 14.8% , MC is $29.92M.
Recent News
https://thedeepdive.ca/imperial-helium-commences-drilling-of-first-well-at-steveville/
Steveville Video
https://www.youtube.com/watch?v=MfmtH0rP_do