Bruin Point Helium Commences Work Program

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[{"type":"text","content":"\n\n\n\nBruin Point Helium Commences Work Program\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\nCanada NewsWire\nVANCOUVER, Dec. 13, 2017\n\n\n\nVANCOUVER, Dec. 13, 2017 /CNW/ - Bruin Point Helium Corp. (the \"Company\" or \"Bruin Point\") (TSX Venture: BPX) Mr. Frank Jacobs, CEO, is pleased to provide this update on the commencement of the Company's work program. The Company is an early-stage helium exploration and development company recently listed on the TSX Venture Exchange which is now initiating the exploration of the acreage held by the Company for the potential of helium, carbon dioxide and hydrocarbons. \n\nFounded in December 2014, Bruin Point was established to acquire and assess the helium potential of areas in North America. Identifying the rapid growth in demand for helium as a result of new applications across healthcare, technology and other industries, the Company secured a ten-year lease for 12 Federal licenses totaling 17,767 acres within the prolific resource-generating Greater Uinta Basin area in Carbon County, Utah.\n\nThe Greater Uinta Basin has potential for extraction of helium, carbon dioxide and both oil and gas. The acreage held by the Company is close to established oil production to the South West and carbon dioxide production to the west. An exploration well within the Bruin Point acerage and  another well less than a mile from the acreage boundary both contained helium. Independent Qualified Reserves Evaluators Gustavson Associates LLC, based in Boulder Colorado, completed their National Instrument 51-101 report1 to assess the resource in August 2017. The encouraging report notes that \"the assets are placed in a good geological location for potential helium accumulations to be present\".\n\nFollowing several years of planning, Bruin Point can now commence the exploration of the acreage. Management visited the area and has recommended to the Board to acquire another 55 miles of reprocessed seismic data and plan for a vertical exploratory wells.\n\nBruin Point is led by a team with a track record of succes...

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