RE: Confirmation bias13 Nov 2024 13:36
New Era Helium Corp was valued $90 million-the pre-money equity for merger by Roth CH Acquisition V Co. voting is scheduled for November 26, 2024
New Era Heliumβs plant will produce approximately 2.7 million standard cubic feet (MMscf) of gaseous helium per month or, an estimated 32 MMscf per year. The plant will also produce 477,000 MCF/D per month of methane and 32,545 bbls per month of natural gas liquids. Once operational in H1 2025, production will represent between 1%-2% of the North American Helium Market.
A helium sampling audit performed on 303 company-owned wells measured helium concentration levels ranging from 0.167 to 1.513 MOL%. The average helium concentration level was 0.486 MOL%.
$90,000,000 for a company having 303 wells @ average 0.486 MOL% to produce in 2025. #HEX mcap $40,000,000