Global Helium Corp. Provides Update on North American Helium’s Test Well
Global Helium Corp. (CSE: HECO, OTC: HECOF) has provided an update on North American Helium Inc.'s (NAH) test well drilling activities in the Vermillion Hills area of HECO's Saskatchewan acreage. The drilling was conducted under a seismic review option agreement announced on April 8, 2024. NAH has decided to abandon the test well after reaching total depth. As a result of drilling before December 30, 2024, NAH has earned an 80% working interest in 72 sections of HECO's land. Despite the abandonment, HECO views this as confirmation of their strategy to preserve capital and derisk exploration assets through joint ventures. The company plans to continue its partnership with NAH on other structures across the Saskatchewan land base. The test well has provided valuable geological data that will guide HECO's future exploration efforts.
Global Helium Corp. (CSE: HECO, OTC: HECOF) ha fornito un aggiornamento sulle attività di perforazione del pozzo di prova della North American Helium Inc. (NAH) nell'area delle Vermillion Hills all'interno delle proprietà di HECO in Saskatchewan. La perforazione è stata effettuata nell'ambito di un accordo di revisione sismica annunciato l'8 aprile 2024. NAH ha deciso di abbandonare il pozzo di prova dopo aver raggiunto la profondità totale. Grazie ai lavori eseguiti prima del 30 dicembre 2024, NAH ha acquisito un interesse di lavoro dell'80% in 72 sezioni del terreno di HECO. Nonostante l'abbandono, HECO considera questo come una conferma della sua strategia di preservare il capitale e ridurre i rischi degli asset esplorativi attraverso alleanze. L'azienda prevede di continuare la sua partnership con NAH su altre strutture nell'area della Saskatchewan. Il pozzo di prova ha fornito dati geologici preziosi che guideranno gli sforzi futuri di esplorazione di HECO.
Global Helium Corp. (CSE: HECO, OTC: HECOF) ha proporcionado una actualización sobre las actividades de perforación del pozo de prueba de North American Helium Inc. (NAH) en el área de Vermillion Hills dentro de las propiedades de HECO en Saskatchewan. La perforación se realizó en virtud de un acuerdo de opción de revisión sísmica anunciado el 8 de abril de 2024. NAH ha decidido abandonar el pozo de prueba después de alcanzar la profundidad total. Como resultado de la perforación realizada antes del 30 de diciembre de 2024, NAH ha obtenido un interés de trabajo del 80% en 72 secciones de la tierra de HECO. A pesar del abandono, HECO ve esto como una confirmación de su estrategia para preservar capital y mitigar los riesgos de los activos de exploración a través de empresas conjuntas. La compañía planea continuar su asociación con NAH en otras estructuras a lo largo de la base de tierras de Saskatchewan. El pozo de prueba ha proporcionado datos geológicos valiosos que guiarán los esfuerzos futuros de exploración de HECO.
글로벌 헬륨 Corp. (CSE: HECO, OTC: HECOF)는 노스 아메리카 헬륨 Inc. (NAH)의 시험 우물 드릴링 활동에 대한 업데이트를 제공했습니다. 이 활동은 HECO의 사스캐처완 지역의 버밀리온 힐스 지역에서 수행되었습니다. 드릴링은 2024년 4월 8일 발표된 지진 리뷰 옵션 계약 하에 진행되었습니다. NAH는 총 깊이에 도달한 후 시험 우물을 포기하기로 결정했습니다. 2024년 12월 30일 이전에 드릴링한 결과, NAH는 HECO의 72구획에 대한 80% 작업 이해관계를 획득했습니다. 포기에도 불구하고, HECO는 이를 자본을 보존하고 공동 투자를 통해 탐색 자산의 위험을 줄이는 전략으로 확인하고 있습니다. 이 회사는 사스캐처완 토지 기초의 다른 구조물에 대해 NAH와의 파트너십을 계속할 계획입니다. 시험 우물은 HECO의 향후 탐색 노력을 안내할 귀중한 지질 데이터를 제공했습니다.
Global Helium Corp. (CSE: HECO, OTC: HECOF) a fourni une mise à jour sur les activités de forage du puits d'essai de North American Helium Inc. (NAH) dans la région des Vermillion Hills, sur les terres de HECO en Saskatchewan. Le forage a été réalisé dans le cadre d'un accord d'option de révision sismique annoncé le 8 avril 2024. NAH a décidé d'abandonner le puits d'essai après avoir atteint la profondeur totale. En raison du forage effectué avant le 30 décembre 2024, NAH a acquis un intérêt de travail de 80 % dans 72 sections de terres de HECO. Malgré cet abandon, HECO considère cela comme une confirmation de sa stratégie de préservation du capital et de réduction des risques des actifs d'exploration par le biais de coentreprises. L'entreprise prévoit de poursuivre son partenariat avec NAH sur d'autres structures à travers la base foncière de la Saskatchewan. Le puits d'essai a fourni des données géologiques précieuses qui guideront les efforts futurs d'exploration de HECO.
Global Helium Corp. (CSE: HECO, OTC: HECOF) hat ein Update zu den Bohraktivitäten des Testbrunnens von North American Helium Inc. (NAH) im Gebiet der Vermillion Hills in den Ländereien von HECO in Saskatchewan bereitgestellt. Die Bohrungen erfolgten im Rahmen einer am 8. April 2024 angekündigten Option zur seismischen Überprüfung. NAH hat beschlossen, den Testbrunnen nach Erreichen der Endtiefe aufzugeben. Aufgrund der Bohrung vor dem 30. Dezember 2024 hat NAH ein Arbeitsinteresse von 80% an 72 Abschnitten von HECOs Land erworben. Trotz der Aufgabe sieht HECO dies als Bestätigung ihrer Strategie, Kapital zu erhalten und die Risiken von Explorationsanlagen durch Joint Ventures zu minimieren. Das Unternehmen plant, die Partnerschaft mit NAH in anderen Strukturen auf dem Land in Saskatchewan fortzusetzen. Der Testbrunnen hat wertvolle geologische Daten geliefert, die HECOs zukünftige Explorationsbemühungen leiten werden.
- NAH fully funded the test well, preserving HECO's capital
- HECO maintains a partnership with NAH for future exploration
- Valuable geological data obtained from the test well to guide future exploration
- Test well abandoned after reaching total depth
- HECO's working interest reduced to 20% in 72 sections of Saskatchewan land
CALGARY, Alberta, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Global Helium Corp. ("HECO" or the "Company") (CSE: HECO, OTC: HECOF) provides an update on the recent drilling activities by North American Helium Inc. ("NAH") under a seismic review option agreement (the “Agreement”) between the two parties that was announced by the Company in a press release dated April 8, 2024.
As HECO previously announced in a press release dated May 22, 2024, pursuant to the Agreement, NAH elected to drill and fully fund a test well (the “Test Well”) in the Vermillion Hills area of HECO’s Saskatchewan acreage. After reaching total depth, NAH notified the Company that the Test Well will be abandoned. As a result of the Test Well being drilled on an accelerated timeframe prior to December 30, 2024, NAH has now earned an
With an expanded joint acreage position, the Company is pleased to continue its partnership with NAH on multiple other structures across the Saskatchewan land base moving forward. In addition, the Test Well has provided both parties with valuable geological data and information that is expected to be instrumental in guiding HECO’s ongoing future exploration efforts.
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 access 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 Cindy Gray, Investor Relations | Telephone: +1 705-5076 ext. 1 Email: HECOinfo@5qir.com |
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FAQ
What was the outcome of North American Helium's test well on Global Helium Corp's (HECOF) Saskatchewan acreage?
How did the test well drilling affect Global Helium Corp's (HECOF) land ownership in Saskatchewan?
What are Global Helium Corp's (HECOF) future plans following the test well results?
