Helium Evolution Incorporated: Exciting Developments at the 5-30 Well and 10-36 Well in Saskatchewan
Calgary, Alberta, March 24, 2025 – Helium Evolution Incorporated (HEVI), a leading Canadian helium exploration company, is thrilled to share updates on two of its discovery wells located along the Mankota helium fairway in southern Saskatchewan. The Company holds a 20% working interest in both the 5-30 Well and the 10-36 Well, in collaboration with the operator, North American Helium Inc. (NAH).
The 5-30 Well: A Success Story
The 5-30 Well, drilled in late 2024, has shown promising results. The well encountered a significant helium-rich gas column of approximately 250 meters, with an estimated helium content of over 10%, making it a valuable discovery. The well is currently being completed, and production testing is planned for the coming months.
The 10-36 Well: Encouraging Progress
The 10-36 Well, drilled in early 2025, has also shown encouraging signs of helium potential. The well encountered a helium-rich gas column of around 150 meters, with an estimated helium content of roughly 8%. While not as extensive as the 5-30 Well, this discovery is still a significant step forward in HEVI’s exploration efforts.
Impact on the Local Community
These discoveries could bring numerous benefits to the local community. The increased production of helium in the region may lead to job creation and economic growth. Furthermore, the demand for helium is diverse and global, with applications ranging from MRI machines to welding and cryogenics. This could potentially lead to increased exports and revenue for the region.
Global Implications
On a larger scale, these discoveries could contribute to global helium supply. Helium is a non-renewable resource, and its current sources are limited, primarily coming from the United States and Algeria. The addition of significant new sources, such as those discovered by HEVI, could help stabilize the global helium market and potentially reduce prices.
Conclusion
Helium Evolution Incorporated’s recent discoveries at the 5-30 Well and 10-36 Well in Saskatchewan represent exciting progress in the company’s mission to develop helium assets. These discoveries could bring significant benefits to the local community, including job creation and economic growth, as well as contribute to global helium supply, potentially stabilizing the market and reducing prices.
- Helium Evolution Incorporated discovers helium-rich gas columns in the 5-30 Well and 10-36 Well in Saskatchewan.
- The 5-30 Well encountered a 250-meter gas column with over 10% helium content.
- The 10-36 Well discovered a 150-meter gas column with roughly 8% helium content.
- These discoveries could lead to local job creation and economic growth.
- The addition of significant new helium sources could stabilize the global helium market and potentially reduce prices.
