NetworkNewsBreaks – American Helium (TSX.V: AHE)
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Posted On: 07/19/2018 4:49:07 PM
NetworkNewsBreaks – American Helium (TSX.V: AHE) (OTC: AHELF) Issues Update Regarding Ongoing Projects, Future Plans
Resource exploration company American Helium Inc. (TSX.V: AHE) (OTC: AHELF) (XFRA: 43UB) this morning issued a shareholder update detailing its recent milestones and ongoing projects. Per the update, the company was formed in 2017 around its Bruin Point acreage in Carbon City, Utah. Since then, it has announced projects in Eastern Colorado and Arizona’s Holbrook Basin. In January, American Helium acquired additional seismic on the Bruin Point acreage, significantly upgrading the resource potential of the project. In Eastern Colorado, through a partnership with Yankee Resources, the company aims to acquire acreage for re-entry or twin-drilling of two wells that produced natural gas until the mid-1990s. American Helium further aims to lease up to 14,000 acres of land and shoot a 3D seismic survey of some 28 square miles at the Eastern Colorado project, where helium content of four to five percent is expected. Finally, the Holbrook Basin project, which was recently announced, is located in a well-established helium production district where concentrations of gas of up to 10 percent have been recorded.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Resource exploration company American Helium Inc. (TSX.V: AHE) (OTC: AHELF) (XFRA: 43UB) this morning issued a shareholder update detailing its recent milestones and ongoing projects. Per the update, the company was formed in 2017 around its Bruin Point acreage in Carbon City, Utah. Since then, it has announced projects in Eastern Colorado and Arizona’s Holbrook Basin. In January, American Helium acquired additional seismic on the Bruin Point acreage, significantly upgrading the resource potential of the project. In Eastern Colorado, through a partnership with Yankee Resources, the company aims to acquire acreage for re-entry or twin-drilling of two wells that produced natural gas until the mid-1990s. American Helium further aims to lease up to 14,000 acres of land and shoot a 3D seismic survey of some 28 square miles at the Eastern Colorado project, where helium content of four to five percent is expected. Finally, the Holbrook Basin project, which was recently announced, is located in a well-established helium production district where concentrations of gas of up to 10 percent have been recorded.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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