Total Helium Reports Q2'23 Results

During Q2'23, Total Helium acquired interest to jointly own the Pinta South Project. It currently has 2 wells that are producing at a full capacity of 250mcf/d (combined with 8% helium) while the other 7 wells are producing at reduced capacity but are expected to reach full capacity soon. There were no major operational updates on the asset. Total Helium realised a revenue of C$83k (from helium and methane sales), held a cash position of C$456k and total assets worth C$19.1mm. During the year ended March 31, 2023, the Company impaired the Helisium Project (86,000 acres) in the state of Colorado and Kansas in as it is no longer proceeding with this asset.

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