American Helium Announces Expanded Activity
May 29 2018 - 2:05AM
American Helium Inc. (the “Company” or “American
Helium”) (TSX.V:AHE) (OTC:AHELF) (XFRA:43UB), a resource
exploration company focused on the global growth of
technology-driven demand for helium, is pleased to report that a
significant increase in business opportunities has led to the
establishment of a satellite office in Denver, CO to manage
regional operations in Utah and to further facilitate the expanded
activities of the Company.
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.
As part of the increased activity, the Company
has executed a project agreement with Yankee Resources LLC of
Golden, CO and has appointed LoneTree Energy & Associates LLC
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.
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.
For more information about American Helium, please visit
www.amerihelium.com and follow us on Twitter or LinkedIn and like
our Facebook page.
About American Helium TSX.V:
AHE | OTC: AHELF | XFRA: 43UBAmerican Helium Inc. is an exploration
stage company with offices in British Columbia, Canada and Denver,
Colorado. The Company is currently exploring for helium in
southeast Carbon County, Utah and evaluating additional potential
acquisitions in known Helium productive regions. With planned
exploration well(s) due in 2018, holding 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.
American Helium Inc. is listed on the TSX Venture, OTCQB and
Frankfurt markets.
ContactAmerican Helium
Inc.Tel: 604.685.9316Email:
info@amerihelium.com
Nick DeMare, DirectorEmail: nick@amerihelium.com
Curtis WhiteEmail: curtis@amerihelium.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking
StatementsCertain information contained in this press
release constitutes “forward-looking information", within the
meaning of Canadian legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "is expected,” "intends,” or “has the potential
to.” Forward looking statements contained in this press release may
include statements regarding the future operating or financial
performance of American Helium that involve known and unknown risks
and uncertainties which may not prove to be accurate. Actual
results and outcomes may differ materially from what is expressed
or forecasted in these forward-looking statements. Such statements
are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. The forward-looking
statements included in this press release are made as of the date
of this press release and the Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities
legislation.
Prospective Resources are defined as “those
quantities of petroleum estimated, as of a given date, to be
potentially recoverable from undiscovered accumulations by
application of future development projects. Prospective
resources have both an associated chance of discovery and a chance
of development. Prospective Resources are further subdivided
in accordance with the level of certainty associated with
recoverable estimates assuming their discovery and development and
may be sub-classified based on project maturity.” There is no
certainty that any portion of the resources will be discovered. If
discovered, there is no certainty that it will be commercially
viable to produce any portion of the resources. The Low
Estimate represents the P90 values from the probabilistic analysis
(in other words, the value is greater than or equal to the P90
value 90% of the time), while the Best Estimate represents the P50
and the High Estimate represents the P10.
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