Imperial Helium has begun drilling its first well on the Steveville helium property, located in Southeastern Alberta, Canada.
Sharing the news today, the company said the drilling is on schedule, and that IHC Steveville 1 is the first of two appraisal wells that it plans to drill on. The first well targets the crest of the Steveville structure.
With surface casing set, the rig will drill forward and set intermediate casing in the Stettler Formation, before continuing on to a target depth of 2,047 metres.
Upon reaching the target objective a comprehensive suite of well logs will be acquired and evaluated, before completing the well and proceeding with production testing.
The well following IHC Steveville 1 will approximately twin the Steveville blow-out.
Commenting on the news, David Johnson, CEO and Director, said, “We are incredibly pleased to spud our first well and have the drill-bit smoothly turning to the right.”
“We look forward to providing shareholders with future updates regarding both well results and those other value-creating initiatives that are planned to follow drilling.”
On Friday (2nd July), gasworld TV heard all about Imperial Helium’s exploration plans from Johnson, as well as his views on the helium market. You can watch the full webinar on demand now at gasworldtv.com.