North American Helium (NAH) completed its sixth helium purification facility in Saskatchewan, doubling the total productive capacity at Mankota to over 50mmcf/y with current annualised volumes at 130mmcf for the whole company. It plans to bring on a further facility in Q4'23. It is also adding a second rig enabling it to drill 30 wells this year so support further growth in 2024. NAH signed two new multi-year sales contracts and successfully renegotiated several price re-openers on current contracts, at prices that better reflect the current market.
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