Zephyr Energy is weighing up funding proposals for its Salt Wash Helium project as market interest in helium-related companies intensifies in the Utah Paradox Basin.
Drilling in its ‘flagship’ Paradox project is expected to start mid-April.
In a market statement, the Rocky Mountain oil and gas company said, “Considering that the economics for the project are attractive based on its helium content alone, notwithstanding further upside from oil and gas development, several funding options are now being appraised.”
Net Helium resource potential is between 0.07-0.19 bcf, presenting a net present value of $58 million (with 10% discount) and upside of $120 million, based on $650 mscf and $750 mscf respectively.
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