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Imperial Helium Reports 0.51% Helium In New Sub-Salt Zone

Updated: Mar 20, 2022

Imperial demonstrated a 0.51% helium concentration at Steveville-3's new Sub-Salt Zone. The tests point to the zone being capable of sustaining a flat production rate of 2.5 mmcf/d for three years before decline begins, with an absolute open flow rate of 13.3 mmcf/d. Furthermore, the gas composition found within the sub-salt zone is more valuable than that of the Blow-Out Zone as it contains a higher helium concentration and no CO2, thereby reducing the cost of removing that gas. Imperial will now conduct a similar 30-day test on the Blow Out Zone within Steveville-3, which contains 0.43% helium, to confirm that the zone will be able to produce at rates of 5-8 mmcf/d, similar to the Steveville-2 well. The production from the S-2 and S-3 wells supports a 10mmcf/d production rate with Imperial looking at the potential to increase the facility size.

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