Helium Evolution is set to drill a well with its farm-in partner, North American Helium, in southern Saskatchewan as part of an Amended Farmout Agreement. The well, named Joint Well #1, is scheduled to start on September 13, 2023, and is the first of several planned wells on HEVI lands. HEVI will have a 20% working interest in Joint Well #1, with an estimated net cost of ~C$0.4 mm (it will not be carried on this well), funded by HEVI's working capital of C$8.8 mm.
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