Helium Evolution abandoned its fifth farmout well in Saskatchewan, drilled by North American Helium. This is the 7th unsuccessful well for HEVI since the IPO, although the potential for re-entry offers some hope. HEVI shares are down >70% since IPO and leaves only two test area wells (Mankota and Fox locations) in its exploration lands. HEVI provided spud dates for its remaining 2 wells - one Mankota well by 1st Nov 2023 and the Fox well by 31st March 2024. NAH is responsible for 100% of the drilling costs for these 2 wells.
top of page
bottom of page