- Apr 24
- 3 min read

Helium Evolution Announces YE22 Financial Results

Helium Evolution (HEVI) released its audited financial results for the year ended December 31, 2022. HEVI has continued to develop its 5.5 million acres of helium rights in southern Saskatchewan and has successfully bolstered its seismic library with ~600km of existing 2D seismic lines. Test Well #3 is expected to be spud by NAH on or before July 14, 2023. As of Dec 31, 2022, the company reported a net loss of C$0.5 million, cash position of C$9.1 million and working capital of C$10.2 million.

Want to read more?

Subscribe to www.akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Uniper CFO Calls for Re-Privatisation

German utility company Uniper, nationalised by the German government last year, is being urged to be privatised again "as soon as possible," according to CFO Jutta Doenges. Uniper's business model of

Royal Helium Appoints Karl Kurz to Board of Directors

Royal Helium appointed Mr. Karl F. Kurz to its Board of Directors who has over forty years of experience in the energy industry, including serving as the COO for Anadarko Petroleum Corporation. He pla

Royal Helium Signs Second Helium Off-take Agreement at US$625/mcf

Royal announced an off take agreement with an undisclosed private North American corporation for the remaining capacity at Steveville. The term of the contract is 3 years, commencing on first delivery