Helium Evolution CEO confident of impending helium discovery from NAH drilling | Summary and Q&A

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December 10, 2022
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Helium Evolution CEO confident of impending helium discovery from NAH drilling

TL;DR

Helium Evolution CEO Greg Robb discusses the company's progress in helium exploration, partnerships with North American Helium, and the growing demand for helium in various industries.

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Questions & Answers

Q: How is drilling for helium different from traditional mining exploration?

Helium exploration follows a similar process to conventional oil and gas drilling, involving drilling, logging, and casing wells. However, the production and processing of helium require specialized techniques, allowing for quicker results compared to traditional mining operations.

Q: What are the plans for drilling and seismic operations in the coming months?

In collaboration with North American Helium, Helium Evolution plans to drill between five and eight exploration wells on their land over the next 12 to 18 months. They also aim to gather approximately 60-80 kilometers of new seismic data. Successful discoveries may lead to development and production opportunities.

Q: Why is now a good time for investors to consider investing in Helium Evolution?

The company's stock is currently undervalued, with a market cap of around $25 million and $10 million in cash. The demand for helium is growing, with recent contracts reaching over $1,000 per mcf. The economics of the helium market support potential success in helium production.

Q: What are the applications and importance of helium in various industries?

Helium is crucial for high-tech manufacturing, including microchips, fiber optics, space exploration, and MRI machines. The reshoring initiatives in the United States and other countries further emphasize the need for a secure and local supply of helium. Helium is a rare and niche product, with North America accounting for approximately 30% of the global helium demand.

Summary & Key Takeaways

  • Helium Evolution has raised funds, acquired land, and drilled wells in their exploration for helium in Saskatchewan, Canada.

  • The company has partnered with North American Helium for further drilling and seismic operations.

  • Helium exploration involves drilling and logging, with the goal of discovering helium-rich areas for potential production.

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