Reported Earnings • Feb 24
Third quarter 2026 earnings released: CA$0.02 loss per share (vs CA$1.51 loss in 3Q 2025) Third quarter 2026 results: CA$0.02 loss per share (improved from CA$1.51 loss in 3Q 2025). Revenue: CA$23.0k (down 32% from 3Q 2025). Net loss: CA$790.0k (loss narrowed 95% from 3Q 2025). Announcement • Feb 06
Altura Energy Corp. announced that it has received CAD 2.970598 million in funding On February 5, 2026, Altura Energy Corp. closed the transaction. The company announced that it has issued 29,705,977 units at a price of CAD 0.10 per Unit for gross proceeds to the Company of CAD 2,970,597.70. Each Unit consisted of one common share and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") at an exercise price of CAD 0.25 at any time on or before February 5, 2031. The Company paid Finder's fees (the "Finders Fees") totalling CAD 174,702 and issued 1,627,020 finder's warrants (the "Finders' Warrants") in accordance with the policies of the TSX Venture Exchange. The Finders' Fees and Finders' Warrants were granted for subscribers introduced by certain arm's length finders. The Finders' Warrants have the same terms and conditions as the Warrants comprising the Units, including, without limitation, being subject to Acceleration. The securities issued under the Offering, including the Finders' Warrants, have a hold period of four months and one day from the closing of the Offering, expiring June 6, 2026, in accordance with applicable securities laws. The transaction included participation from Ian Telfe, in the Offering, subscribing for 1,000,000 Units for gross proceeds to the Company of CAD 100,000. The transaction is oversubscribed. Announcement • Jan 20
Altura Energy Corp. announced that it expects to receive CAD 1 million in funding Altura Energy Corp announced a non-brokered private placement to issue a minimum of 10,000,000 units at a price of CAD 0.1 per unit for aggregate gross proceeds of CAD 1,000,000 on January 20, 2026. Each Unit will consist of one common share of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.25 at any time up to sixty months following the Closing Date. The Units to be issued under the Offering will be offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada, and in jurisdictions outside of Canada, including the United States, as determined by the Company, provided that no prospectus filing, registration or comparable obligation arises in such other jurisdiction. Finder's fees may be paid and finder's warrants may be issued in accordance with the policies of the TSX Venture Exchange. The Finders' Warrants may be granted for subscribers introduced by certain finders, and if issued such Finders' Warrants have the same terms and conditions as the Warrants comprising the Units, including, without limitation, being subject to Acceleration. The transaction is expected to close on or around January 30, 2026 and is subject to certain conditions but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering, including any Finders' Warrants, will have a hold period of four months and one day from the Closing Date in accordance with applicable securities laws. The Company anticipates that insiders will subscribe for Units. The issuance of Units to insiders is considered a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Announcement • Dec 18
Altura Energy Corp. Announces Board Changes Altura Energy Corp. announced that the Board has appointed Ashley Lastinger (CEO) as a member of the Board of Directors. Ms. Lastinger has a background in Petroleum Engineering spanning over 15 years, serving as both an engineer and engineering manager for multiple energy exploration and production companies of various sizes. Her technical experience includes reservoir, production, and facilities engineering, as well as regulatory compliance and project management. She has been responsible for all facets of operations in multiple onshore US energy fields, from heavy oil to natural gas. She began her career working for Chevron, specializing in artificial lift, secondary/tertiary recovery, and asset development in the heavy oil fields of the San Joaquin Valley. Ms. Lastinger worked under Robert Johnston, both at Apache Corporation and Atalaya Resources, furthering the development of the Mid-Continent Granite Wash formation and evaluating various unexplored resources in Oklahoma, Texas, North Dakota, and Colorado. Gordon Keep has resigned from the Board of Directors effective 18 December 2025 and will continue with the Company as an Advisor, via Jasper Management &Advisory Services. Reported Earnings • Nov 28
Second quarter 2026 earnings released: CA$0.014 loss per share (vs CA$0.009 loss in 2Q 2025) Second quarter 2026 results: CA$0.014 loss per share (further deteriorated from CA$0.009 loss in 2Q 2025). Revenue: CA$37.0k (down 12% from 2Q 2025). Net loss: CA$562.0k (loss widened 479% from 2Q 2025). Reported Earnings • Aug 31
First quarter 2026 earnings released: CA$0.027 loss per share (vs CA$0.014 loss in 1Q 2025) First quarter 2026 results: CA$0.027 loss per share (further deteriorated from CA$0.014 loss in 1Q 2025). Revenue: CA$40.0k (down 25% from 1Q 2025). Net loss: CA$440.0k (loss widened 210% from 1Q 2025). Reported Earnings • Jul 30
Full year 2025 earnings released: CA$1.73 loss per share (vs CA$0.69 loss in FY 2024) Full year 2025 results: CA$1.73 loss per share (further deteriorated from CA$0.69 loss in FY 2024). Revenue: CA$166.0k (down 46% from FY 2024). Net loss: CA$17.7m (loss widened 157% from FY 2024). New Risk • Jun 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 245% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-CA$1.4m). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (245% increase in shares outstanding). Revenue is less than US$1m (CA$187k revenue, or US$136k). Market cap is less than US$10m (CA$7.07m market cap, or US$5.16m). Announcement • Jun 12
Altura Energy Corp. announced that it has received CAD 1.9855 million in funding On June 11, 2025, Altura Energy Corp. closed the transaction. Each warrant entitles the holder thereof to purchase one additional common share at an exercise price of CAD 0.25 at any time on or before June 11, 2030. The securities issued under the offering have a hold period of four months and one day from the closing of the offering, expiring on October 12, 2025, in accordance with applicable securities laws. In connection with the offering, the agent received a cash commission of CAD 138,985 and 1,389,850 compensation options, and a corporate finance fee of CAD 100,000, paid 25% in cash and 75% in the form of units of the company. Each compensation option entitles the holder thereof to purchase one unit of the company, having the same terms and conditions as the units at a price of CAD 0.10 per compensation unit at any time on or before June 11, 2030, subject to acceleration. The compensation options, and the securities underlying the compensation options, and the CF fee units, and the securities underlying the CF fee units, have a hold period of four months and one day from the date of issuance, expiring on October 12, 2025, in accordance with applicable securities laws. Ian Telfer participated in the offering, subscribing for 1,000,000 units for gross proceeds to the company of CAD 100,000. Announcement • Apr 16
Total Helium Ltd. announced that it expects to receive CAD 1.5 million in funding Total Helium Ltd announced a 15,000,000 post-Consolidation units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 1,500,000 on April 15, 2025. Each Unit will consist of one post-Consolidation common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at a post-Consolidation exercise price of CAD 0.25 at any time up to sixty months following the closing. Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Amendment remains subject to the approval of the TSX Venture Exchange. The policies of the TSX Venture Exchange restrict the ability of the Company to amend the terms of share purchase warrants which are listed for trading. The Company intends to request a waiver of this restriction, but in the event a waiver is not granted the Company may look to delist the Amended Warrants to facilitate the Amendment. Announcement • Apr 07
Total Helium Ltd., Annual General Meeting, Jun 12, 2025 Total Helium Ltd., Annual General Meeting, Jun 12, 2025. Location: british columbia, vancouver Canada New Risk • Feb 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$1.4m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$503k free cash flow). Share price has been highly volatile over the past 3 months (57% average weekly change). Negative equity (-CA$1.4m). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (CA$169k revenue, or US$118k). Market cap is less than US$10m (CA$1.54m market cap, or US$1.07m). Reported Earnings • Feb 26
Third quarter 2025 earnings released: CA$0.15 loss per share (vs CA$0.008 loss in 3Q 2024) Third quarter 2025 results: CA$0.15 loss per share (further deteriorated from CA$0.008 loss in 3Q 2024). Revenue: CA$34.0k (down 72% from 3Q 2024). Net loss: CA$15.5m (loss widened CA$14.7m from 3Q 2024). Reported Earnings • Nov 27
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.015 loss in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (improved from CA$0.015 loss in 2Q 2024). Net loss: CA$98.0k (loss narrowed 94% from 2Q 2024). Reported Earnings • Aug 29
First quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.011 loss in 1Q 2024) First quarter 2025 results: CA$0.001 loss per share (improved from CA$0.011 loss in 1Q 2024). Net loss: CA$142.0k (loss narrowed 85% from 1Q 2024). Reported Earnings • Jul 30
Full year 2024 earnings released: CA$0.069 loss per share (vs CA$0.17 loss in FY 2023) Full year 2024 results: CA$0.069 loss per share (improved from CA$0.17 loss in FY 2023). Net loss: CA$6.91m (loss narrowed 38% from FY 2023). Reported Earnings • Feb 01
Third quarter 2024 earnings released: CA$0.008 loss per share (vs CA$0.003 loss in 3Q 2023) Third quarter 2024 results: CA$0.008 loss per share (further deteriorated from CA$0.003 loss in 3Q 2023). Net loss: CA$829.0k (loss widened 321% from 3Q 2023). Announcement • Jan 11
Total Helium Ltd. Accepts the Resignation of Diana Mcqueen as Director Total Helium Ltd. announced that the Company has accepted the resignation of Mrs. Diana McQueen as a Director of the Company and would like to thank her for her contributions and wish her every success in her future endeavours. New Risk • Nov 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.72m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.8m free cash flow). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (CA$232k revenue, or US$169k). Market cap is less than US$10m (CA$13.3m market cap, or US$9.72m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.1m free cash flow). Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (CA$191k revenue, or US$140k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$19.5m market cap, or US$14.2m). Announcement • Oct 30
Total Helium Ltd. Announces Appointment of Robert Johnston as Interim Chief Executive Officer Total Helium Ltd. announced the appointment of Robert Johnston, currently a Director of the Company as interim Chief Executive Officer of the Company effective immediately. Mr. Johnston established Atalaya Resources, LLC, in 2014. The private oil and gas exploration company operated in Western Oklahoma and the Texas Panhandle. The company was sold in 2022. Mr. Johnston retired from Apache Corporation in 2014 as Executive Vice President. His positions at Apache included Vice President of the Central Region, responsible for the Anadarko Basin, Permian Basin, and East Texas Basin; Country Manager Apache Argentina, responsible for Neuquén Basin, Austral Basin, and Cuyo Basin; Exploitation Manager, Apache Canada, responsible for Alberta and Saskatchewan; and Development Manager, Apache Egypt, responsible for Khalda concession of the Western Desert. Mr. Johnston began his career in 1982 as a geologist with Apache Corporation. Mr. Johnston received a Bachelor of Science degree from The University of Tulsa. Mr. Johnston has served as a Director of the Company since November, 2021. With Mr. Johnston's appointment, the Company has accepted the resignation of Mr. Robert B. Price as CEO and Director of the Company and would like to thank him for his contributions and wish him every success in his future endeavours. Announcement • Oct 26
Total Helium Ltd. Announces Operational Update At Pinta South Project Total Helium Ltd. provided an update on the first 19 wells drilled on the Company's Pinta South Project in Arizona. 19 Wells Drilled With 9 Connected To Pipeline: To date, 9 wells have been connected to a newly constructed 6-mile pipeline, transporting gas to Ranger Development, LLC's third-party processing facility with production being sold to a large industrial gas company via an offtake agreement. There are 10 additional wells in various stages of completion and pipeline connection. The current offtake agreement covers the first 10 wells, after which production will be sold on the spot market. Two of the 9 connected wells have consistently produced 232 Mcf/d with high helium concentrations between 7.58% and 7.83%. During the initial testing phase of three additional wells, total production rose to 450 Mcf/d in line with expectations. The monsoon season in Arizona caused several flash flooding events where water washed out roads, hindering completion and production efforts. Since then, the roads have been rerouted to allow for all-season access to the South Pinta Helium Field. Despite this initial delay in bringing increased production online the Company is confident it has developed long term solutions to mitigate weather related delays in the future. During the testing phase, produced water overwhelmed separators and blocked the 6-mile pipeline. This led to the re-configuration of pumping equipment and some surface equipment, including modified separation equipment and electrical equipment. Additionally, the 6-mile pipeline has been purged, cleaned, inspected and is now running smoothly. The Company determined that during the testing period of the 7 additional wells, where the wells were shut in on several occasions due to weather and issues with equipment (as above), has resulted in damage to connectivity between the wellbore and the reservoir, resulting in restricted helium flow. Therefore, beginning next week, the Company will initiate additional completion activities to include acidizing 2 of the 7 wells to improve connectivity and production rates. Permitting Next 28 Wells: The soil sample survey shows promising results that indicated the presence of several anomalies to help delineate both sand channels/river systems in the Shinarump formation and deeper potential in the Coconino formation. The cost to drill deeper to the Coconino is minimal as it lies only 200 feet deeper than the Shinarump. Although Total Helium's drilling program anticipates most wells will be drilled and completed within the blanket Shinarump formations, "sand channel" wells and deeper Coconino wells are expected to significantly enhance production rates. Total Helium's geological and engineering team has identified numerous high graded drilling locations and is filing for 28 additional drilling permits. The Company expects 12 permits on lands owned privately to be approved within the next 30 days and 16 permits on lands owned by the State of Arizona to be approved within the next 60 days. Based on Total Helium's past experience with the permitting process in Arizona, no difficulty is expected in obtaining the permits. next 5 wells: The drilling rig will return to the field in mid-November. The previous drilling and completion operations have come in on time and on budget, in line with the Company's projected cost of USD 220,000 per well. Some of the learnings from the previous wells have led to a comprehensive understanding of which completion techniques are best suited for production from the Shinarump formation, including a larger diameter of casing to allow for increased helium flow. This knowledge will be implemented in the upcoming drilling program. Announcement • Aug 12
Total Helium Ltd., Annual General Meeting, Oct 18, 2023 Total Helium Ltd., Annual General Meeting, Oct 18, 2023. New Risk • Jul 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (CA$76k revenue, or US$57k). Minor Risk Market cap is less than US$100m (CA$46.6m market cap, or US$35.1m). Announcement • Jun 28
Total Helium Ltd. Ramps Up Operations with First 15 Wells At Pinta South Project Total Helium Ltd. provided a follow-up operational update on its Pinta South Project in the Holbrook Basin of Arizona. Following the successful construction of a six-mile pipeline and connection of five wells to the helium processing facility, as reported last month, Total Helium announces significant advancements in well production, pipeline, and future wells. The Pinta South Project now features a total of 15 wells, with seven wells actively producing helium. The remaining eight wells are in various stages of completion, and once connected to the pipeline, will significantly increase Total Helium's helium production capacity, thereby generating increased revenue. Out of these 15 wells, Total Helium retains a 20% working interest in two wells and a 50% working interest in the remainingder, including the five additional wells now actively producing helium. Importantly, Total Helium has partnered with a leading multinational industrial gas and chemicals manufacturing company to fund the pipeline expansion on the Pinta South project. Pipeline Updates Total Helium has established a compressor station and a 6-mile underground pipeline to connect the new wells to the helium processing facility. The compressor station will ensure adequate pressure for higher helium flow rates to the processing plant. Further updates regarding flow rates will be provided as production stabilizes. Although the shallow Shinarump formation is the primary target within the field, the Company is also targeting high impact sand channels and deeper formations wells at minimal additional costs. If successful, these wells are expected to significantly enhance production rates. For reference, the 20% owned two producing wells are " sand channel" wells and have produced 243,700 MCF (28-1 NS Well) and 179,000 MCF (27-1 NS Well) with 8% helium over the past three years. A comprehensive soil gas survey has been completed to detect areas within the field with elevated helium levels, indicative of the presence of these sand channels and deeper formations that may have significant upside potential. This survey has enabled Total Helium to optimize future drilling locations. Announcement • May 19
Total Helium Ltd. Provides an Operational Update on Pinta South Project Total Helium Ltd. provides an operational update on its Pinta South Project. Pipeline Construction Underway, Wells Hooked to Processing Facility: As part of Total Helium's acquisition of the Pinta South Project in Arizona, Total Helium acquired a 20% working interest in 2 producing wells and a 50% working interest in 27,000 acres which includes 8 additional wells that are awaiting connection to the helium processing facility. Total Helium has constructed a six mile pipeline and has connected 5 of those 8 wells to the helium processing facility. 3 Additional Wells Drilled: In addition to the 10 wells that Total Helium initially acquired, in the last two weeks an additional 3 wells have now been drilled and are awaiting completion. Initial Soil Gas Survey Completed, Follow Up Study Underway: An effort is underway to optimize drilling locations by conducting an additional helium soil sample survey. Previous surveys have shown promising results that indicated the presence of several anomalies to help delineation of sand channels/river systems. Although Total Helium's drilling program anticipates most wells will be drilled and completed within the blanket Shinarump formations, "sand channel" wells are expected to enhance production rates. The 20% owned two producing wells are "sand channel" wells and have produced 243,700 MCF (28-1 NS Well) and 179,000 MCF (27-1 NS Well) with 8% helium over the past three years. As warmer, dryer weather has arrived in Arizona, Total Helium and its joint venture partner have begun the helium soil sampling survey to identify these channel systems. The soil gas survey will run from mid-May through early June 2023. Board Change • May 08
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Robert Price is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 24
Total Helium Ltd. Announces CFO Changes Total Helium Ltd. reported that Aaron Triplett has been appointed Chief Financial Officer of the Company. Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated over 15 years experience in the field of financial management and accounting, specializing in forecasting, compliance and risk management, and the development and monitoring of control systems. Mr. Triplett's experience includes acting as CFO for various operating public companies listed on the TSX Venture Exchange and Canadian Securities Exchange. Prior to his work with public companies, Mr. Triplett was an audit and assurance manager for a mid-size public accounting firm. With Mr. Triplett's appointment, the Company has accepted the resignation of Szascha Lim as CFO of the Company. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Robert Price is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 19
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Robert Price is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 27
Total Helium Ltd., Annual General Meeting, Nov 30, 2022 Total Helium Ltd., Annual General Meeting, Nov 30, 2022. Announcement • Jan 18
Total Helium Announces Completion of Its First Production Well, Spudding Its Second Production Well and Reaching Total Depth on Its First Saltwater Disposal Well Total Helium Ltd. announce that the Boltz 35B well has been completed with production tests ongoing. Additionally, 20 miles away from the Boltz 35B well, the Miller 9C Saltwater Disposal well has been drilled to 5,993 feet and casing has been set and cemented. On the same section of land, the drilling rig has moved and the Miller 9D production well has been spudded. Total Helium's first production well, the Boltz 35B has been logged and completed. The log analysis shows that targeted zones form a large gas transition zone with data and calculation supporting the presence of large concentration of natural gas and helium in the formations. Initial gas composition analyses are in line with expectations. The production testing for the well is being conducted in two stages. The well has been stimulated in the lower interval. A down-hole submersible pump has been installed and is operating to begin the dewatering process. A pipeline has been built and connected to a saltwater disposal facility and a pipeline has been installed to connect the well into a natural gas and helium gathering system. Preliminary data for early production tests from the lower zones are expected in the coming weeks. Based on the upcoming production results, the upper zones may be stimulated separately and co-mingled with the lower zones production. Total Helium expects the early production tests to guide the optimal development plans for its acreage. Announcement • Dec 02
Total Helium Ltd. Provides Drilling Update At Its 86,000-Acre Project in Western Kansas Total Helium Ltd. provided an update on its drilling operations at its 86,000-acre project in western Kansas. These drilling operations are designed to extend the Hugoton Gas Field, the conventional onshore natural gas and helium field in North America. The Company's first production well, the Boltz 35B, has been drilled, logged and casing set. The completion is estimated to begin by mid-December. The Boltz 35B well will be completed in 2 phases. The lower zones will be completed and produced. The upper zones will subsequently be completed and then co-mingled. Pipelines are currently being laid to dispose water and sell the potential produced methane and helium gases. The Company is currently negotiating with drilling contractors for a rig to spud its second production well with an anticipated commencement date by January 2022. Total Helium anticipates installing a 3-phase power and laying a production pipeline and water disposal lines during the month of February. Completion and production of this second well is expected to begin by February. Following the completion of drilling operations of the Miller 9D well, Total Helium plans to move the drilling rig to begin drilling operations for its first saltwater disposal well, the Miller 9C. 