Uriel Gas Reports Q2'23 Results

Uriel Gas reported Q2'23 results for Q4'23. There have been no material changes in the company's helium operations. In Jun'23 the Company closed three acquisitions, all located in the Grande Prairie area of Alberta, which holds natural gas wells and infrastructure with helium potential (testing greater than or equal to 0.75% helium). The Company’s undeveloped assets also include 800 gross acres of highly prospective Crown land with helium and light oil potential (Cardium and Ellerslie). Uriel Gas ended the quarter with a net loss of C$73k, a cash position of C$19k, and total assets of C$4.4mm.

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