Helium Evolution (HEVI) reported promising results from its exploration activities at the 9-35 Well in Saskatchewan. The well flow tested at 7mmcf/d of raw gas from the Deadwood zone with a helium concentration of 0.64% indicating helium production potential of 16mmcf/y from the well. Following a comprehensive analysis, the findings indicate a potentially vast and productive helium reservoir, with no signs of pressure depletion or water presence, enhancing the prospects for efficient helium recovery. Building on these results, HEVI and partner North American Helium (NAH), have planned a drilling programme involving up to nine new wells, aimed at exploiting three existing helium discoveries. Additionally, HEVI is preparing to drill on four sections of recently acquired land with 100% working interest and anticipates stimulation of another well in Q2'24.
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