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HEVI/NAH Unsuccessful Second Well; Acquires 500km of 2D Seismic

Helium Evolution's second test well (NAH Pinto Creek 01-01-06-10W3M) has been abandoned and the farmout partner North American Helium (NAH) has selected its third location and plans to spud the test well before June 30, 2023. HEVI has previously said it expects a one in three or four success rate. The Company has also acquired over 500km of 2D seismic trade data over its exploration acreage to enhance its technical work and selection of future drilling targets. HEVI can also leverage NAH’s extensive expertise and data to help expand understanding of the play and build out its technical work.

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