TOP NATURAL GAS PRODUCER IN KANSAS EXERCISING OPTION TO PURCHASE PORTION OF TOTAL HELIUM'S LEASES

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[{"type":"text","content":"\n \n \n \n TOP NATURAL GAS PRODUCER IN KANSAS EXERCISING OPTION TO PURCHASE PORTION OF TOTAL HELIUM'S LEASES\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 25, 2022\n \n \n /CNW/ -\n \n Total Helium Ltd.\n \n (TSXV: TOH) (OTCQB: TTLHF) (\"Total Helium\" or the \"Company\") announces that the largest natural gas producer in the\n \n State of Kansas\n \n (or the \"Producer\") has exercised its option to purchase 25% of Total Helium's 3,648 acres near the Boltz Well in the Hugoton Gas Field of\n \n Kansas\n \n .\n \n \n The Company previously entered into a farmout agreement with the largest natural gas producer in the\n \n State of Kansas\n \n to drill the Boltz well on the Producer's oil, gas, and helium leases. The agreement also established an Area of Mutual Interest (AMI) near the Boltz well. Total Helium successfully acquired leases in the AMI. As part of the agreement, the Producer had the right to purchase 25% of Total Helium's leases within the AMI. At this time, the Producer has exercised their option.\n \n \n \n Positive implications for both parties\n \n \n \n The Producer's decision to purchase 25% of Total Helium's leases within the AMI is a positive indicator for both companies. For Total Helium, the fact that a major private company is taking an interest in its assets is an indicator that Total Helium is on the right track when it comes to helium exploration and production. For the Producer, the purchase of Total Helium's leases demonstrates that the agreement is yielding valuable assets as part of an overall beneficial partnership. Lastly, this transaction further demonstrates the operational synergies between the Company and the Producer when it comes to bringing helium to a market in desperate need of additional supply.\n \n \n \n \"At Total Helium, our ability to work with some of the world's leading oil and gas and industrial gas companies is something that we pride ourselves on. We place a tremendous amount of value on these strategic\n \n \n relations...

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