RED HELIUM PROJECT
The Red Helium project is located in Utah in the helium prolific Four Corners area of the US.
The Red Helium project is located in Utah, in the prolific proven helium producing Four Corners area of the US. The project has a gross unrisked P50 Prospective Resource of 12.7 bcf recoverable helium (independently estimated).
The maiden pure-play helium exploration well Jesse-1A discovery returned 1% helium to surface, exceeding pre-drill expectation.
The Jesse-3 new-drill and the Jesse-1A sidetrack operations provide multiple potential pathways for near immediate production and monetisation of a commercial success, based on the existing gathering system and helium offtake agreement.
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