27,000 acres in the prolific Holbrook basin in Arizona, USA
World class helium concentrations of 5-8%
9 producing wells with an additional 10 wells at various stages of completion awaiting tie in and 300+ well development plan
Sustainable production with minimal hydrocarbon concentrations – nitrogen is sold by-product, easily ventured into the atmosphere with no greenhouse emissions
Multiple prospective reservoirs:
- Shinarump Formation (700-1,200 ft.) with proven production
- Coconino Sandstone, Fort Apache Dolomite, Big A Butte, Granite Wash and Basement (3,800 ft) for upside opportunity
Shallow Shinarump Formation offers fast development opportunity at low cost
- $200,000 estimated per well for drilling and completion
- +4 months well payback
