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Renergen Stumbles upon “Surprise” Helium at its Abandoned Well

Renergen announced another helium discovery ranging from 1.9% to 4.4% which is the highest concentration of helium on the planet, in the P12 well at its Virginia Gas Project. This well had been plugged and abandoned last month due to low flow rates but the rationale has changed now. The company claims that these rates have been climbing daily and are estimated to continue to do so in the coming weeks.

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