RED HELIUM PROJECT
The Red Helium project is located in Utah, in the prolific proven helium 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 10.9 bcf recoverable helium (independently estimated), with over 29,000 acres leased
Maiden pure-play helium exploration well Jesse-1A discovery made in June 2022 returning 1% helium to surface, exceeding pre-drill expectation.
Potentially company-making helium well Jesse-2 planned for Q1 2023, with the ability for near immediate production and monetisation of a commercial success, based on an existing gathering system and binding helium offtake agreement.