Total Helium Q2'24 Results

Jul 30, 2024
1 min read

Total Helium released its Q2'24 results, highlighting a key agreement with Butler Minerals to cover drilling costs for the next five Shinarump wells in the Pinta South Project, with an estimated expenditure of C$200k/well. Despite past issues with irreparably damaged wells, Total Helium remains optimistic about opportunities in Northeastern Arizona. The company has funded ~US$2mm towards the capital development program as of Mar’24. Additionally, an impairment of E&E assets amounting to C$3.3mm was recorded. The company ended the quarter with a net loss of C$6.9mm, cash position of C$85k and total assets of C$16.5mm.

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