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HEVI Eyeing Production at the End of 2024, CEO Says

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 the testing of the wells 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.

Disclaimer: This interview is sponsored by Helium Evolution (TSXV:HEVI). This interview provides information which was sourced by the Investing News Network (INN) and approved by Helium Evolution in order to help investors learn more about the company. Helium Evolution is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

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