PetroSun Inc (PSUD)

[RetireSoon2]

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