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Thor Resources grows Helium Production Almost 50% in 2022

Thor Resources, a private Canadian helium producer produced 28mmcf of helium in 2022, which was up 46% y/y. Production has come from only 2 wells from its field in Alberta. The main driver has been the contribution of the 03-32 well which added ~7mmcf to the total production this year. There was some decline in production from August to the end of 2022, likely due to natural declines. Thor is the only producer to report any significant production from Alberta.

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