For Vancouver, Canada-based Total Helium, the mission is simple: bring helium to a market that desperately needs it. And to achieve this mission, the helium exploration and production company recently acquired a joint venture interest in the Pinta South helium project in Arizona, US.
Described by Total Helium’s Director and CEO Robert Price as “extraordinary”, the deal presented the company with an immediate working interest in the helium exploration and production programme.
Positioned in a location known for its helium opportunity, the Pinta South project has proven to have high helium concentrations in the range of 5%-8%. The project acquisition included 10 wells that are already drilled and gives Total Helium the ability to drill over 150 new wells on its 27,000-acre leasehold.
“This acquisition vaults Total Helium to the head of the pack in terms of actual helium production,” Price tells gasworld. “As a publicly traded company, we strive to create value for our shareholders and the Pinta South project delivers that value.”
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