Global Helium Corporation drills first helium well in Alberta

Sept 21, 2023 Via Gasworld

Global Helium Corporation has drilled, logged, and cased its first potential helium well, located on the farm-in land block of Perpetual Energy within the Manyberries, Alberta helium trend.

With the drilling of the initial well, Global Helium has completed the first step in earning on the farm-in block of eight sections. Perpetual will retain a 25% working interest in the project and collect a 7% lessor royalty on the company’s 75% share.

The helium exploration and development company has the option to drill a second well to earn the additional nine sections, under the same terms as the initial well.

Earlier this year, Global Helium increased its landholdings in Southern Alberta by 10,880 acres to a total of 31,360 acres, all in the Manyberries helium trend.

Global Helium has partnered with Perpetual Energy and anticipates drilling at least two helium wells by the end of 2023 to earn the land.

The two companies will share seismic, geological expertise and industry knowledge while working together within the 576-section area of mutual interest.