Helium Evolution Farmout Well Encounters Helium as Completion and Testing Move Ahead Helium Evolution Ltd (HEL) recently announced that it has successfully encountered helium (He) during the Farmout phase of the drilling and completion of the Merkel Field. The team is currently proceeding with completion and testing of the Mercedes wells, after successful farmout and encountering the targeted resource. Helium Evolution Ltd is a newly reformed UAE based company, focusing on the development of helium resources. It recently acquired rights for a helium exploration license in the United Arab Emirates. This license was acquired from the Abu Dhabi Department of Energy and granted by the Ministry of Energy and Infrastructure. Helium is a non-renewable resource which is only found naturally in certain underground reservoirs in various locations around the world. It is primarily used as a medical gas, but it is also used in technology, scientific, and industrial applications. The Merkel helium project is very exciting in the exploration of the new field and provides huge potential for Helium Evolution to increase their resource base. The project involves using a combination of conventional drilling techniques and open hole completion methods to access the helium zones that contain the resource. Following the successful farmout, the team is now in the process of completing the Mercedes wells in order to test the extraction and production of helium. After the completion and testing is complete, the team will be able to analyze the results and determine the full potential of the field. The official statement from Helium Evolution provided an optimistic outlook for the future: “We are pleased with the results of the Farmout phase of our project in the Merkel Field, and are encouraged by the successful encounters with helium. We are now confident with moving ahead with completion and testing the Mercedes wells, and believe that the results of our testing will demonstrate the potential of the targeted resource.” Helium Evolution Ltd’s new helium development project has the potential to open up a new resource for helium extraction and production and is an exciting development for the company. The completion and testing of the Mercedes wells is essential in determining the full potential of the project and will provide invaluable information to Helium Evolution Ltd in the future.