Apr 152 min
Global Helium reported successful production testing of its 10-08 exploratory well in Southeast Alberta, yielding ~4.1mmcf/d of raw gas with helium concentrations between 0.6% and 0.68% after addressing initial wellbore damage. This marks the company's second commercially viable helium discovery, following its first at 09-04 well in Oct'23 which had a helium concentration of 1.1%. With ongoing development plans and a new seismic review agreement covering Saskatchewan acreage, Global Helium is set to expand its operations in the Medicine Hat area and further its collaborations with potential offtake partners.
Press Release:
Global Helium Corp is pleased to provide an operational update on the Company’s exploratory well at 10-08-012-04W4/00 (“10-08”) situated on the farm-in land block of Perpetual Energy Inc. along the Manyberries helium trend near the Medicine Hat region of Southeast Alberta.
Following remediation and stimulation to address wellbore damage incurred during the initial drilling, the 10-08 well was production tested at approximately 4.1 million cubic feet per day at 3,500 kilopascal flowing tubing pressure from the Beaverhill Lake formation during a four-day extended test. Multiple gas samples were analyzed from the well and confirmed helium concentrations from the Beaverhill Lake zone of 0.6% – 0.68%.
“We are extremely pleased with the performance of our 10-08 well following remediation work and stimulation, as this well represents our second commercially viable opportunity. With two confirmed helium discovery wells in our portfolio – including this 10-08 well and our first discovery at 09-04-12-04W4 – our team’s focus is on further development and facilities planning for the Medicine Hat area, including front-end engineering and design work, along with pursuing potential offtake partners,” said Jesse Griffith, CEO of the Company. “Combined with our recently executed seismic review option agreement with industry leader, North American Helium Inc., covering the majority of our Saskatchewan acreage, HECO is well positioned to advance both our Alberta Manyberries assets and our Saskatchewan land base.”