Canada-based Helium Evolution has confirmed that it will abandon its fifth farmout well in Saskatchewan, drilled and fully funded by its farmout partner, North American Helium.
Test Well #5 was drilled on farmout lands within Block 2 at Gravelbourg in Saskatchewan pursuant to a previously announced farmout arrangement.
After reaching total depth, North American Helium notified Helium Evolution that the open hole portion of Test Well #5 would be abandoned.
However, North American Helium is now electing to suspend the cased hole portion of the well to afford optionality and the ability to re-enter it at a later date, potentially to drill a side-track to another target.
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