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Global Helium Enters US Market with Acquisition of Proven Helium Production.

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Vincent

MANews-(C)2009-2022

Canada-based helium exploration and development company Global Helium Corp. (CSE: HECO) (OTC: HECOF) has acquired a position in a known, helium-proven geological structure in Montana, known as "Pale Rider," the company said.

The acquisition, and subsequent tactical land leasing program, collectively include seventeen highly prospective, contiguous square miles on a known helium prospect, which has previously produced and tested 1.2% helium.

This strategic acquisition is expected to be the first of several in the United States, as the company pursues its goal of becoming one of the largest helium producers in North America, intending to provide high-quality helium gas and liquid to pre-existing downstream partners.

Global's team had previously acquired and studied all existing seismic and technical data prior to making the Pale Rider acquisition.

Given the existence of a previously drilled well that produced non-combustible gas with a significant helium concentration, the company is confirming several target locations and is working to procure a surface lease with the intention of mobilizing a drill program thereafter.

The pre-existing well, drilled by Texaco in 1948 and located on Global's lands, tested over 1.3 mmcf/d of non-combustible gas with 1.2% helium and a very high percentage of nitrogen.

Only trace amounts of methane and CO2 were present. An offset well drilled in 1958 also confirmed potential reservoir in deeper formations that are expected to be prospective for...

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