EU and US could reach trade deal this weekend - Reuters
KANSAS - Mendell Helium PLC has reported the successful testing of the Brobee salt water disposal well (SWD) in Kansas, a significant step in its Rost 1-26 well recompletion project. The company, which has an option to acquire M3 Helium Corporation, stated that the well testing exceeded capacity expectations and remains on schedule and budget.
The Brobee SWD successfully handled over 4,500 barrels of water per day at a pressure of 640 psi during testing, surpassing the anticipated capacity needed for Rost’s upcoming production plans. This capacity could also potentially serve neighboring wells in the future. Following this achievement, M3 Helium plans to seek a permit from the State of Kansas for water disposal through the Brobee SWD.
The Rost recompletion project is advancing as planned, with an Electric Submersible Pump (ESP) from Summit, a division of Halliburton (NYSE:HAL), expected to arrive this week. The injection tubing for the Brobee SWD is already on site, and after completing pressure testing, the focus has shifted back to the Rost well to replace its production tubing.
Nick Tulloch, CEO of Mendell Helium and Chairman of M3 Helium, expressed satisfaction with the progress, noting the water disposal capacity at the upper zones of the Brobee SWD negates the need to test lower zones, saving time and money. Tulloch anticipates the next phase of operations will commence soon with the arrival of the ESP.
The announcement is based on a press release statement and contains inside information for the purposes of the UK Market Abuse Regulation. The Directors of Mendell Helium are responsible for the release of this information. There is, however, no certainty that Mendell Helium will exercise its option to acquire M3 Helium or that the enlarged group will successfully complete a re-admission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.