RE: Helium no longer a critical mineral26 Feb 2022 00:11
Renergen paid $1 for the gas rights, thats a real bargin..
Their helium is a by product, about 2%, I believe their average well produces 120,000 standard cf/day, I assume thats 120 mcf/d, so roughly 2.4mcf/d helium per well
According to the admission doc, He1 plants should be producing 2,000 mcf/d(3rd year) from a 6bcf discovery, max 7 wells for the largest prospects (10km^2)
All hypothetical without a discovery, lets hope we beat your 50% before spud :)