Global Helium has acquired over 15 contiguous sections of tested and proven helium property in the Rudyard area of Montana.

The Canadian helium exploration firm on Wednesday (8th June) confirmed its second US acquisition in the last two months in the structure, which has previously produced and tested 1.3% helium at significant flow rates.

As part of the signed agreement, Global Helium can choose to increase its landholdings by over 60% to over 24 sections.

Jesse Griffith, President of Global Helium, said, “The Rudyard acquisition is a monumental step forward for our shareholders, as it provides an immediate pathway to thrust Global into a helium producing, cash-flowing company.”

“The acquisition also brings an additional core area into the Global portfolio that has been substantially de-risked and is already set for expansion through the option agreement.”

gasworld understands there are two pre-existing wells on the property, both of which tested extremely favourably for both helium content and overall flow rates and the combine helium rates equate to over 78 million cubic feet a day.

Griffith continued, “I am very happy to see the Global team continuing to meet or exceed the corporate development plans that were communicated previously. Communicating our plans, setting expectations and exceeding those expectations is a core focus for the Global team and is something we will continue to do going forward.”