TSXV:TOH - Post Discussion
Post by
MarketMakerss on Oct 10, 2023 6:53pm
Current Production Capacity & Expansion Plans
As the helium market continues to grapple with a significant supply shortage, a range of industries are being impacted from healthcare to space exploration to semiconductor manufacturing, creating a significant market opportunity for a new stable supply to drive the industry.
In this landscape, Total Helium (TOH.v TTLHF) has emerged as a rapidly scaling helium producer due to the remarkable helium concentrations found at its Pinta South Project in Arizona's helium-rich Holbrook Basin.
Spanning 27,000, Pinta South gained notoriety with its remarkable helium concentrations of 5% to 8%; a substantial improvement over the helium concentrations seen of up to 3% and significantly higher than other producers.
Fueled by these concentrations, TOH has formed a strategic partnership with Linde, the world's largest industrial gas company for the sale of its helium at a rate of USD$500 per MCF. This partnership has secured the economic viability of Pinta South with a rapid payback period ranging from a few weeks to a maximum of three months.
On track to have 30 wells operational by year-end, TOH's latest update had 19 wells drilled at Pinta South so far with its final trajectory to expand operations to encompass over 300 wells.
Of the 19 wells, two are operating at full capacity and producing a combined rate of 250mcf per day at concentrations of 8%, 7 operating at limited capacity, 4 expected to be operational by Q3 2023 and 5 awaiting completion and pipeline connection.
Posted on behalf of Total Helium Ltd
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