HEVI Eyeing Production at the End of 2024, CEO Says

“The Mankota area will be our near-term focus for development and getting production online, which would lead to cashflow. We’re going to be (in production) in the fourth quarter of this year. That would be a big point for us," said Helium Evolution President and CEO Greg Robb.

Helium Evolution (TSXV:HEVI) has completed the drilling and casing of the farm-out well located at 9-35-3-9W3 (Test Well Area #1), and while testing is ongoing, President and CEO Greg Robb said the company is aiming to proceed with production at the end of the year.

“We’ve been pursuing drilling at Mankota for around a year now with our partner North American Helium, (and) testing a bunch of anomalies. Over the last two years we’ve drilled about 11 wells, a number of them in the Mankota area, and we discovered helium from the last three,” he explained.

"The next step is getting reservoir valuation. You flow them and then you shut them in for a period of time, and you build up and put analysis for a better understanding of the reservoir. And we’ll be proceeding later (this year) for further drilling, pipelining and probably bringing in a plant, then aiming for production at the end of the year. So Mankota is a major turning point for us," Robb added.

Watch the full interview with Helium Evolution President and CEO Greg Robb above.

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