Helium Evolution Incorporated (TSXV:HEVI)(“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is excited to announce plans for production facilities in the Mankota area, with anticipated production slated for the fourth quarter of 2025. Additionally, the Company is providing preliminary test results from its 5-30-3-8W3 helium discovery well (the “5-30 Well”), located along the Mankota helium fairway. HEVI holds a 20% working interest in the 5-30 Well, in partnership with the operator, North American Helium Inc. (“NAH”).
Looking Ahead to Production
HEVI continues to work closely with NAH to plan the next phase of development in the Mankota area. With four helium discovery wells in close proximity to one another, NAH is actively pursuing the licensing and installation of processing facilities in the area. The size and specifications of the facility will be determined following the final analysis of the 5-30 Well results. It is anticipated that the facilities will be operational in the fourth quarter of 2025, contingent on surface, licensing and installation considerations. HEVI fully supports this initiative, as the establishment of processing facilities is a crucial step in HEVI’s strategy to transition toward commercial helium production.
“We are very excited about moving to production in the Mankota area,” said Greg Robb, CEO of HEVI. “The results thus far are promising, and we are optimistic about our ability to achieve commercial production in the near future. This is a major milestone for our development in the Mankota region. Our ongoing partnership with NAH will be critical as we move towards the installation of processing facilities and scaling up production.”
5-30 Well Preliminary Test Results
Completion, perforation and initial production testing of the 5-30 Well are ongoing. After an extended 5-day flow testing period, the 5-30 Well was producing approximately 9.7 million standard cubic feet per day (“MMscf/d”) at 10,700 kiloPascal (“kPa”) flowing tubing pressure. The preliminary test results also confirmed a helium content of 0.76%, significantly higher than the commercially viable threshold of 0.3%. Furthermore, the 5-30 Well produced negligible water, signaling strong potential for efficient helium recovery and processing.
Following the extended production flow period, the 5-30 Well will be shut in for 14 days to gather reservoir pressure data. This data will be analyzed to further evaluate the resource potential and optimize future development.
Flow Test Results from Select HEVI Wells:
| Well | Bottom Hole Pressure (kPa) |
Bottom Hole Temperature (°C) |
Helium Content |
Rate (MMscf/d) |
Tubing Pressure (kPa) |
Water |
| 5-30 Well (Preliminary)1 | 23,959 | 82 | 0.76% | 9.7 | 10,700 | Negligible |
| 10-36 Well (Preliminary)2 | 23,600 | 78 | 0.81% | 11.5 | 13,100 | Negligible |
| 10-1 Well3 | 24,069 | 78 | 0.75% | 9.5 | 10,800 | Negligible |
| 9-35 Well4 | 23,928 | 81 | 0.64% | 7.0 | 9,000 | Negligible |
| 2-31 Well5 | 24,189 | 81 | 0.95% | 4.0 | 5,500 | Negligible |
1 The 5-30 Well…
Read More: Energy Technologies Limited 1H25 Results