More "gas saturated" sands. Sounds promising...
Calgary, Alberta – August 31, 2021 – Imperial Helium Corp. (“Imperial Helium” or the “Company“) (TSX-V: IHC) is pleased to announce it has successfully drilled, logged, and cased its second well, IHC-Steveville-2 (103/10-22-020-12W4), on its historic Steveville Helium asset, in South Eastern Alberta. The Company will commence completion and production testing of IHC-Steveville-2 upon finalizing completion and production testing of IHC-Steveville-1 (102/03-10-020-12W4).
IHC-Steveville-2, Imperial Helium’s second appraisal well of the Steveville structure reached a total depth of 1959m (PBTVD) and penetrated the crest of the structure, as expected. Preliminary petrophysical analysis of well-logs confirms the presence of a 133m section of the Beaverhill Lake Formation. The depth and thickness of the gas saturated intervals calculated from logs are in-line with pre-drill estimates and are consistent with those identified in the IHC-Steveville-1.
David Johnson, Director and CEO commented: “We are pleased to confirm that the preliminary results of IHC-Steveville-2 and IHC-Steveville-1 support the stratigraphic continuity and potential for reservoir continuity as previously observed in correlations among 13-22-020-12W4 (Steveville Blowout) and the 4 other wells to penetrate the Beaverhill Lake Formation over the Steveville structure. Upon completion of production testing of IHC-Steveville-1, we will commence production testing of IHC-Steveville-2 to appraise the reservoir quality and deliverability potential last demonstrated by the Steveville blow-out. We remain on schedule with our plan to complete an independent resource assessment of this our founding asset during the fourth quarter of 2021”.