HELIUM EVOLUTION INCORPORATED Helium Evolution Incorporated provides an update on the second well (the “Second Test Well”), NAH Pinto Creek 01-01-06-10W3M, on farmout lands within Block 1 at Mankota in Saskatchewan. The Second Test Well was drilled and fully funded by HEVI's farmout partner, North American Helium (“NAH”), pursuant to a previously announced farmout arrangement. After reaching total depth, NAH informed HEVI that the Second Test Well will be abandoned.
NAH is expected to select its third licenced location on HEVI lands (the “Third Test Well”) by March 31, 2023 and spud the Third Test Well before June 30, 2023.
