Helium Evolution Incorporated (TSE:HEVI) has released an update.
Helium Evolution Incorporated has reported promising results from its 9-35 Well in southern Saskatchewan, with a flow test yielding 7 MMscf/d and helium concentrations twice the commercial viability threshold. The analysis indicates a potentially large and productive reservoir with no signs of pressure depletion or water presence, which bodes well for helium recovery. The company is planning an extensive drilling program, including nine new wells, and is preparing for additional exploratory activities on newly acquired land.
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