TOH's Strategic Collaborations In a recent episode of 'The Dive', Robert Price, the Director and CEO of Total Helium (TSXV: TOH), discussed the impact of government policy changes on helium storage, resulting in a depletion of helium supply in both the United States and Canada. This development is identified as a significant contributing factor to the current "Helium Shortage 4.0".
During a recent episode of 'The Dive', Robert Price, the Director and CEO of TOH addressed the impact of changes in government policies on helium storage, leading to a depletion of helium supply in the United States and Canada. This scarcity is a significant factor contributing to the current "Helium Shortage 4.0".
Watch the interview here:
To help address this issue, TOH is collaborating with a multinational industrial gas company to establish an underground helium storage facility that will rival the successor of the U.S. Federal Helium Reserve. TOH will hold a 50% ownership stake in the facility and take on operational responsibilities.
Alongside their storage endeavor, TOH is actively involved in helium exploration and production. They control the vast Hugoton field in Kansas, historically known as the primary hub of helium production in the United States.
Through a joint venture agreement TOH also has a stake in the Pinta South project, a rich source of natural gas abundant in helium. TOH controls a 20% interest in two currently productive wells, and a 50% interest in eight additional pre-existing wells. The Pinta South project has helium concentrations, ranging from 5% to 8% and the project benefits from a shallow-producing formation that facilitates cost-effective drilling and completion operations.
Watch the full interview above for more information on TOH and its helium ventures. Posted on behalf of Total Helium Ltd.