American Helium Locates Satellite Hub in Denver, Colorado
An exploration stage company with offices in British Columbia, Canada and Denver, Colorado, American Helium Inc. is currently exploring for helium in southeast Carbon County, Utah and evaluating additional potential acquisitions in known Helium productive regions.
Planned exploration wells due in 2018 hold potentially significant helium resources positions American Helium to capture an opportunity offered by rising global helium prices due to growing demand for helium driven by new technology-based applications, company officials said.
“The expansion is necessary to manage regional operations in Utah and to further facilitate the expanded activities of the Company,” a spokesperson said.
As part of the increased activity, the Company has executed a project agreement with Yankee Resources of Golden, Colorado, and has appointed LoneTree Energy & Associates to acquire certain acreage in SE Colorado.
The project consists of two parts. The immediate objective is to redrill two wells that have proven helium resources and were plugged and abandoned in the mid-nineties, offering the potential for near term production.
The second part of the project will offer an exploration focus through the acquisition of land and a subsequent 3D seismic survey aimed at further defining areas of likely helium accumulations.
““The recent rebranding and shift from the previous Bruin Point company name, was undertaken to demonstrate a new mission, vision, goals and activities at and beyond its singularly important Utah holdings. While the previous name referenced a geological outcrop in Utah close to the Company’s property, the name of American Helium ushers in a new era for the Company and reflects the strategic plan to expand operational reach and activity,” a spokesperson explained.
In related news, the Company reports that as part of its commitment to increased efforts in the region that Frank Jacobs, American Helium President & CEO has relocated to Denver to more effectively drive operations.
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