Canada’s Global Helium has reported helium concentrations of 0.56% – 0.68% at its Beaverhill Lake zone in Alberta, representing a low but commercially viable concentration.
The 10-08 well production was tested at around 4.1 million cubic feet per day at 3,500 kilopascal flowing tubing pressure from the Beverhill Lake formation over a four-day extended test.
Global Helium’s gas samples from the 10-08 well showed helium concentrations 0.56% – 0.68%, which meets the threshold for commercial viability.
These concentrations were based on several analysed gas samples from the well. The company says the samples confirm the site as a second commercially viable opportunity.
The 10-08 exploratory well was drilled and cased in November 2023 and is situated on the farm-in land block of Perpetual Energy along the Manyberries helium trend near the Medicine Hat region of southeast Alberta.
NAH to complete further drilling
In addition to the above, Global Helium has also confirmed that North American Helium (NAH) will drill a test well in the Vermillion Hills area of Global Helium’s Saskatchewan acreage.
This follows an agreement between Global Helium and NAH made in April 2024. The agreement allowed the company to develop its land in Saskatchewan while reducing initial expenses and exploration risks.
NAH has the right to review Global Helium’s seismic data covering most of its exploration permits in Saskatchewan and select a drilling location based on the review.
Global Helium expects the new well to be spud in Q3 2024. NAH will incur 100% of the drilling cost, while Global Helium has retained the option to participate in the completion and testing of the well at a 20% working interest in any potential discovery.
NAH will retain an 80% working interest in the operations and said acreage.
Helium Super Summit
Join gasworld in October 2024 as our Helium Super Summit heads to Houston. More information, including our theme and agenda, will be released over the coming weeks – you can register your interest to ensure you stay updated.
Our Helium Super Summit 2023 agenda was focused on the most significant challenges facing the helium business in 2023/24 and the uncertainty that hangs over the market and its array of end-users. Our 2023 summit has had over 400 attendees and is sold out, so we recommend securing your space. You can book your ticket or register interest here https://bit.ly/gasworldconferences .
Interested in speaking and contributing? Get in touch with our Content Director, Rob Cockerill, at [email protected]
