Helium Evolution (HEVI) has announced another unsuccessful exploration well, its 5th since IPO. HEVI farmout partner, North American Helium (NAH), has abandoned Test Well #3 in Saskatchewan. NAH accelerated the drilling schedule for Test Well #5, which was expected to spud by July 25, 2023, along with three additional test drills on HEVI lands before August 31, 2023. NAH will cover 100% of the drilling costs for Test Well #4 and 5, and Test Well Area #1 and 2, while HEVI retains a 20% working interest in these wells.
HEVI Abandons Third Farmout Well in Saskatchewan
Updated: Jul 31, 2023
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