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Ascent Resources to Soon Begin Production of Gaseous Helium

Ascent Resources announced that it expects sales of gaseous helium to begin shortly. In April, the London-based oil and gas exploration company raise US$1.7mm and invested in the holding company GNG Partners. GNG, which owns the US Lisbon Valley gas and helium processing plant in Utah, expects the site to return to service within 6-8 weeks following a period of maintenance and improvement work. Sales of helium are to begin immediately following the recommissioning of the facility.

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