Home > Boards > US OTC > Oil/Gas/Natural Energy Production > PetroSun (PSUD)

GOLDEN EAGLE, UTAH : Fully exploited expected 3-10

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
RetireSoon2 Member Profile
 
Followed By 1
Posts 26
Boards Moderated 0
Alias Born 07/06/17
160x600 placeholder
RetireSoon2   Tuesday, 09/17/19 08:32:06 AM
Re: None
Post # of 370 
GOLDEN EAGLE, UTAH : Fully exploited expected 3-10 Trillion CF of methane/LNG : 68-225 Billion CF of Helium

The Golden Eagle project, with three wells already in-place, has a very strong natural gas reserve report written by RPS that will be updated for its helium content near-term (with very encouraging preliminary measurements in-hand)

Recent independent testing by Wyoming Analytical Labs has confirmed the presence of helium in the existing Paradox Basin wells, estimated to be about 2.25% of the gas stream
The next well will be drilled into the Leadville formation and is projected to show 7.0% helium

When fully exploited, AEP expects to have produced a total of 3 to 10 trillion cubic feet of methane/LNG and 68 billion to 225 billion cubic feet of helium

Executed a three year off-take agreement with Uniper; balance of production is expected to serve spot market opportunities

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist