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CONCHO DOME (HOLBROOK), ARIZONA: Awaiting Ryder Scott Report

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RetireSoon2   Tuesday, 09/17/19 08:44:35 AM
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CONCHO DOME (HOLBROOK), ARIZONA: Awaiting Ryder Scott Report

Proprietary opportunity to finance the development of approximately 7,680 acres of very rich helium leaseholds in the Holbrook Basin, an area located in the Northeastern corner of Arizona

State and private land leases provide the project with a Net Revenue Interest of almost 80%
Construct a cryogenic helium processing plant

AEP executed a ten year off-take agreement with Praxair for Concho Dome Holbrook Basin Helium Project; balance of production is expected to serve spot market opportunities

Just drilled a third well in June 2019 on the Concho Dome in the Holbrook Basin to approximately 3,602 feet, to help complete an enhanced reserve report to be issued by Ryder Scott by end-August 2019

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