Near Terms News16 Feb 2025 15:51
Near Term Helium Catalysts
• Imminent drilling at 5 Las Animas #helium wells
• EP145 transfer approval to Echelon and payment of A$400,000 (retain 5% royalty payments)
• Payment by Echelon of A$150,000 for EP145 seismic long lead items
• EP155 permit approval and payment by Georgina Energy of A$350,000 (retain 2.5% royalty payment)
• Coyote Wash Project BIA ("Bureau of Indian Affairs") approval
• Details of Sagebush first helium and oil well drill
• JV funding of Sagebush project would increase the speed of helium discovery with re-entry into two shut in wells or recompletion into helium bearing zones on 1 of 7 existing oil producing wells.
• Monetisation of 1.646M oil reserves of Cinnabar