Oil and Gas

Helium, a rare and non-renewable resource, promises an opportunity for investors as the demand grows. However, it remains a niche market with no public spot price for the product, according to a recent article.

In an interview with Tara Weber, BNN Bloomberg’s Western Bureau chief, Helium Evolution Incorporated (TSXV:HEVI) president and CEO Greg Robb said there isn’t a spot price for helium right now, noting that the current helium market is reminiscent of the “wild west” beginnings of the oil industry.

He said for several years, “midstreamers,” companies who buy helium from producers, process and then sell it to end users, have dominated the helium industry and now have a captive market, much like an oligopoly.

“If you have a monopoly, you have pricing power. The oligopoly is – I mean I don’t know how much collusion there is, or if there is any, but when you can’t find a price point for your product, it’s difficult to make the proper investment decisions too. This is a risky business. On our five million acres, there are only five wells that go down through the full sedimentary section so we’re just wildcatting,” Robb said.

The Helium Evolution CEO told Weber his company was approached by several groups in the past – one of them offering a contract for $350 per mcf [thousand cubic feet]. These offers came in even before Helium Evolution started drilling for helium.

“We were at a little mineral conference about four weeks ago,” Robb told Weber. “It was mostly mining companies and there was a company called Desert Mountain Energy Corp. which is a helium company listed on the TSX Venture exchange, but working down in Arizona. The guy that presented, [company president] Don Mosher, said the market in Arizona for wholesale helium was $1,500 per mcf. Then I heard from talking to someone at the Schacter Energy conference, a knowledgeable person in the helium space, who says the current price for 2024 is US$750.”

As more producers start selling to end-users, effectively cutting out the middleman, the power in the helium industry will begin to shift towards producers, the article said.. And as publicly traded helium companies start to report sales data on their quarterly earnings, price transparency will be inevitable, according to Robb.

Helium Evolution is currently the largest publicly traded land-holder in North America, holding 5.5 million acres of property in Saskatchewan’s Cambrian formation.

To read the full article, click here.

Click here to connect with Helium Evolution Incorporated (TSXV:HEVI) for an Investor Presentation.

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Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, today announced the filing of our unaudited financial results for the three and nine- month periods ended September 30, 2022, along with a corporate update on activities that have occurred subsequent to the end of the period.

For complete details of the condensed interim consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR ( www.sedar.com ).

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Helium Evolution Provides Update on First Farmout Well Drilled by North American Helium

Helium Evolution Provides Update on First Farmout Well Drilled by North American Helium

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on finding, developing and commercializing assets in southern Saskatchewan, today provides an update on the first of two wells that will be drilled by year end 2022 (the " First Test Well "), NAH Grasslands 13-30-2-8W3, on farmout lands within Block 1 at Mankota in Saskatchewan.

The First Test Well was drilled and fully funded by HEVI's farmout partner, North American Helium (" NAH "), pursuant to a previously announced farmout arrangement (see press releases dated October 21, 2022 , and June 28, 2022 ). After reaching total depth over the weekend, NAH has informed HEVI that the open hole portion of the First Test Well will be abandoned, but that NAH is electing to suspend the cased hole portion of the well to afford optionality and the ability to re-enter it at a later date, potentially to drill a sidetrack to another target. NAH is expected to spud its second licenced location on HEVI lands at NAH 1-1-6-10W3 (the " Second Test Well ") in mid-December.

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Helium Evolution Confirms First Farmout Well Spud by North American Helium

Helium Evolution Confirms First Farmout Well Spud by North American Helium

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that its partner, North American Helium (" NAH "), has spud the first well (the " First Test Well "), NAH Grasslands 13-30-2-8W3, on farmout lands within Block 1 at Mankota in Saskatchewan, pursuant to a previously announced farmout arrangement (see press releases dated October 21, 2022 and June 28, 2022 ). This First Test Well is situated due south of the NAH helium discovery at Mankota.

Drilling at the 13-30 location is expected to take approximately 14 days to reach a total depth of 2,720 metres. Once drilling has concluded, the rig is expected to move to NAH's second licenced location at NAH 1-1-6-10W3 (the " Second Test Well "). Preliminary flow test results from the First Test Well are anticipated to be available before the end of December, 2022.

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Helium Evolution Expands and Accelerates Drilling Program Through Enhanced Farmout With North American Helium

Helium Evolution Expands and Accelerates Drilling Program Through Enhanced Farmout With North American Helium

  • First two test wells to be drilled on HEVI lands in Q4/22 by North American Helium (NAH) with third test well to be drilled in first half 2023; costs funded 100% by NAH and HEVI retains a 20% working interest
  • Based on success of the three test wells, NAH commits to expeditiously drill development wells on the earned farmout blocks
  • New seismic option and seismic review option agreements with NAH could expand number of wells to be drilled by ~60%, from five to up to eight
  • At no cost, HEVI to receive NAH's proprietary seismic recently used to drill three successful NAH wells

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce enhancements and amendments to the existing farmout agreement with North American Helium (" NAH "), through the execution of an Amended and Restated Farmout Agreement dated October 20 th 2022 (the " Amended Farmout "). The Amended Farmout offers HEVI near-term drilling catalysts that can accelerate cash flow generation without incurring up-front capital costs and allows the Company to retain 99% of its land base. At no cost, HEVI will also receive NAH's proprietary seismic that was recently used to drill three successful and producing NAH wells in the Mankota area, giving HEVI greater insight and valuable data that can be used in identifying future targets.

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Helium Evolution Announces Appointment of Chief Financial Officer

Helium Evolution Announces Appointment of Chief Financial Officer

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce the appointment of Ms. Kristi Kunec to the role of Chief Financial Officer, effective September 12, 2022.

Ms. Kunec brings over 15 years of financial experience to HEVI, with a proven track record that includes leading the corporate finance, organizational planning and financial reporting functions for growing resource companies. Over the last 13 months, she has served as part-time Controller for Kanata Clean Power & Climate Technologies Corp., and prior thereto was Chief Financial Officer and Corporate Secretary for Pine Cliff Energy Ltd. (TSX:PNE). Ms. Kunec directly contributed to the growth of the company from approximately 100 boe/d to 24,000 boe/d, which included closing four equity offerings that raised more than $170 million, and the completion of two corporate and seven asset acquisitions. Prior to Pine Cliff, Ms. Kunec was Controller for North American Oil Trust, Corporate Controller for Orion Oil & Gas Corporation, and Manager of Financial Reporting for TransGlobe Energy Corporation. After earning a Bachelor of Commerce degree from the University of Saskatchewan, she began her career at PriceWaterhouseCoopers LLP in 2003, earning her CPA, CA designation in May of 2006.

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Reminder: Suncor Energy to Hold Investor Presentation in Toronto, Ontario

Suncor (TSX: SU) (NYSE: SU) will hold an investor presentation on November 29, 2022 from 11:00 a.m. to 1:00 p.m. MT (1:00 p.m. to 3:00 p.m. ET).

The presentation will focus on the results of the previously announced review of the company's retail assets, provide updates on production and operational actions and plans to ensure safe and reliable performance, and a discussion of 2023 guidance. Presenters will include:

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ALTAGAS ANNOUNCES CEO SUCCESSION PLAN

AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announces that after a successful four years of leading the organization, Randy Crawford President and Chief Executive Officer, will retire from AltaGas in the first half of 2023 as part of a planned leadership succession process. During this period, the Board of Director's will complete its work with external advisors to evaluate internal and external candidates. This timeline will ensure an orderly transition, as Mr. Crawford will remain in his role until a successor is named, which is focused on delivering the best outcomes for all of AltaGas' stakeholders.

"It has been an honor and a privilege to serve as AltaGas' President and CEO for the past four years," said Randy Crawford . "I have been fortunate to develop and lead a highly talented and dedicated team to successfully transform the Company into a leading exporter of Canadian LPGs and a high-growth U.S. gas utility," Mr. Crawford said. "Earlier this year, based on the strong financial and strategic position of the Company, I signaled to the Board that I felt it made sense to start planning my exit to allow for a new leader to build on the Company's strengths and capitalize on the new opportunities it has, including those associated with the energy transition. One of the defining characteristics of AltaGas over the last four years has been the quality and strength of its leadership team, and I'm very proud of and excited for the team that will lead AltaGas into the future. Most importantly, I want to thank my team and all our approximately 3,000 employees for everything they have accomplished."

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VVC - Warrant Exercise Proceed & Debt Settlement

VVC - Warrant Exercise Proceed & Debt Settlement

VVC Exploration Corporation, dba VVC Resources, (" VVC " or the " Company ") announces the following:

Warrant Exercises

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Suncor Energy Increases Quarterly Dividend by 11% to $0.52 per Common Share

(All financial figures are in Canadian dollars)

Suncor (TSX: SU) (NYSE: SU) Energy's Board of Directors has approved a quarterly dividend of $0.52 per common share representing an 11% increase over the prior quarter dividend.

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Global Oil and Gas

Global Oil & Gas Limited (ASX: GLV) – Trading Halt

Description

The securities of Global Oil & Gas Limited (‘GLV’) will be placed in trading halt at the request of GLV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 17 November 2022 or when the announcement is released to the market.

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Helium Evolution

Helium Evolution Announces Grant of Stock Options

Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company") announces that it has granted stock options (the "Options") under the Company's stock option plan (the "Option Plan") to certain officers, employees and consultants (the "Option Recipients").

In aggregate, 810,000 Options have been granted, with 400,000 Options being granted to officers, 335,000 Options being granted to consultants and 75,000 Options being granted to investor relations service providers. Each Option represents the right to receive one common share of the Company upon vesting, exercisable at a price of $0.31. The Options will vest as to 20% on each of the 6th, 12th, 18th, 24th and 30th month anniversaries of the date of grant. The Options will expire on November 14th, 2027.

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