Global Helium Corp. Confirms Drilling and Casing of First Helium Well in Alberta
- Successful drilling and positive indications of commercial helium production potential
- HECO has option to expand operations and lease additional land
- None.
CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Global Helium Corp. ("HECO" or the "Company") (CSE: HECO, OTC: HECOF) is pleased to announce that on September 18, 2023, the Company successfully drilled, logged and cased its first potential helium well at 09-04-12-04W4 (“09-04”), situated on the farm-in land block of Perpetual Energy Inc. (TSX: PMT) (“Perpetual”) within the Manyberries, Alberta helium trend. Given positive preliminary indications of commercial helium production potential, HECO will commence completion and production testing of 09-04 in the coming weeks.
With the drilling of this initial well, HECO has completed the first step in earning on the farm-in block of eight sections. Perpetual will retain a
About Global Helium Corp.
Global Helium is one of Canada’s largest helium exploration and development companies, focused on the exploration, acquisition, development, and production of helium, done right. The Company has carved out a differentiated position through a unique Farm-In Agreement with industry veteran, Perpetual Energy Inc., through which HECO can explore approximately 369,000 acres in Alberta’s Manyberries helium trend via joint venture. The Company has also captured
For further information please contact:
| Jesse Griffith, President & CEO | Telephone: +1 (877) 816-8163 |
| Walter Spagnuolo, Investor Relations | Email: relations@globalhelium.com |
READER ADVISORIES
Forward Looking Statements
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This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
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