Updated Reservoir Study of BLM's Cliffside Gas Reservoir

An updated study of the of the 2019-2020 Reservoir Simulation, History Matching, and Forecast for Bush Dome (Cliffside) Gas Reservoir has been published by Edge Geoscience. Assuming no further production until July 1st, in the fiscal year to the end of June 2022, the net helium production will have been just 109mmcf from 400mmcf in '20/21 and 627mmcf in 19/20. The forecast for '22/23 is 740mmcf but this assumes no outages and production resuming fully from 1st July 2022. However there are considerable geological risks cited in the report.

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