05:25 PM EDT, 04/10/2024 (MT Newswires) -- Helium Evolution ( HEEVF ) , on Wednesday released testing data for its 9-35 well, a helium discovery in southern Saskatchewan.

The company in February said the 9-35 Well flow initially produced about 7-million cubic feet per day and 9,000 kiloPascals flowing tubing pressure during the six-day extended flow period. The gas composition of the 9-35 Well is 0.64% helium and 96.7% nitrogen, with the balance comprised of fractional percentages of minor component gases. Helium concentrations over 0.3% are deemed commercially viable.

Since HEVI's initial announcement, a post-flow pressure transient analysis (PTA) conducted by Petro Management Group has revealed positive insights. The PTA indicated no reservoir pressure depletion or reservoir boundaries, highlighting a potentially expansive and productive reservoir. The PTA also calculated an absolute open flow potential of 13.3 MMcf/d.

Additionally, the absence of water during the test period is a favorable factor for helium recovery and processing.