Total Helium Completes Acquisition of Pinta South Stake
- May 1, 2023
- 4 min read
Total Helium completed the acquisition of a joint venture interest in the Pinta South Helium Project in Arizona. Total acquired a 20% interest in two producing wells and a 50% interest in eight additional existing wells that are being connected to a helium processing plant for a total purchase price of US$12mm. The purchase price was satisfied through a cash payment of US$8mm and the issuance of 10.8mm common shares. Total will provide US$2mm towards a capital development program for the Pinta South Project.