top of page

Total Helium Resumes Trading with Bullish Outlook for Pinta South

  • AKAP
  • May 8, 2023
  • 1 min read

Total Helium resumed trading on 8th May and released an updated presentation and video describing its recent acquisition of a 50% stake in the Pinta South Helium project (27k acres) in the Holbrook Basin, Arizona. It stated that is is receiving US$500/mcf for its helium through a contract with Linde for the first 10 wells and sees spot pricing up to US$1,000/mcf. There are 2 existing producing wells with 8% helium producing at 150mcf/d and 115mcf/d of total gas, with 8 additional wells awaiting pipeline completion to add 1,000mmcf/d at an average 6.5% helium concentration. Well costs are $220k into the primary shallow Shinarump zone at 700-1,200ft with further exploration potential in the deeper zones. In Sproule's P50 case, drilling 108 wells by Feb '25 would get to plateau production of >200mmcf/y of helium in 2024. Partner Brad Butler and his team are highly experienced in helium exploration and development.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All
bottom of page