Global Helium and Partner NAH Abandon Test Well in Sask.

Global Helium (HECO) announced that North American Helium (NAH) completed a test well in the Vermillion Hills area, Saskatchewan, under its seismic review option agreement. Although the well will be abandoned, NAH has earned an 80% working interest in 72 sections of HECO’s Saskatchewan land, following an accelerated drilling schedule. The collaboration has yielded geological data, reinforcing HECO’s strategy of capital preservation and derisking exploration through joint ventures. HECO is continuing its partnership with NAH across additional structures in Saskatchewan while focusing on proven assets in Alberta.

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