As discussed by Robert Price, the Director and CEO of Total Helium (TSXV: TOH), on 'The Dive', government policy changes regarding helium storage have led to a loss of helium supply in the US in Canada.
The interview focuses on how this is a major factor in the "Helium Shortage 4.0". Price also talks about TOH and its recent major acquisition. Watch here:
Through a joint venture agreement, TOH recently acquired a stake in the Pinta South project, an abundant source of helium-rich natural gas. This strategic move has granted TOH a 20% interest in two producing wells and an impressive 50% interest in eight additional existing wells.
The Pinta South project is particularly noteworthy for its helium concentrations, ranging from 5% to 8%. Moreover, the shallow-producing formation of the project offers an advantageous scenario for cost-effective drilling and completion processes.
TOH is also currently in the process of building a vital helium storage facility and has full control over the renowned Hugoton helium field. This field has long been a prominent hub for helium production within the country, boasting an impressive reserve of over 300 billion cubic feet (BCF) of helium and 75 trillion cubic feet (TCF) of methane. TOH is spearheading an expansion initiative in this region abundant with valuable resources.
Today, TOH closed up 5% on over 7x its average volume.
Check out TOH's website for more information on the company and its assets: https://www.totalhelium.com/ Posted on behalf of Total Helium Ltd.