Successful Development of Montana Industrial Gas Project
Completed the initial phase of development, including drilling of 2 new wells targeting helium and CO2, and managing production to optimize reservoir performance.
Significant Resource Confirmation
Independent resource report confirmed 444 billion cubic feet of CO2 and 1.3 billion cubic feet of helium, among the largest known deposits of its kind.
Strong Cash Position and Debt Management
Maintained a strong cash position with over $6.7 million and no outstanding debt on the $20 million revolving credit facility.
Carbon Management and CO2 Sequestration Progress
Injection testing achieved sustained rates of over 17 million cubic feet a day, supporting a sequestration capacity of approximately 240,000 metric tons of CO2 annually.
Expansion Opportunities in the Helium Market
Plans to break ground on the Kevin Dome processing plant to separate gas into helium, natural gas, and CO2 streams.