Business
Operations underway for production at Rost well
Operations underway for production at Rost well.
About this update from Mendell Helium Plc
[{"type":"text","content":"\n\n\n \nMendell Helium plc\n \n(\"Mendell Helium\" or the \"Company\")\n \nOperations underway for production at Rost well\n \nMendell Helium is pleased to announce that, further to the announcement of 28 April 2025, the service rig arrived on site at M3 Helium Corporation's (\"M3 Helium\") Rost 1-26 well (\"Rost\") last week and work has commenced on re-entering the Brobee salt water disposal well (\"Brobee SWD\") for use as a disposal well for Rost.\n \nAs announced on 27 June 2024, the Company has an option (the \"Option\") to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in nine wells. There is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission.\n \nThe Rost well is targeting a reservoir known locally as the \"Morrow\" formation, which represents a water saturated sandstone, approximately 46 feet thick. The service rig is currently in the process of drilling out the cement plugs in the Brobee SWD. This follows preliminary tasks, including removal of conductor casing cement at Brobee SWD and pulling of tubing from the Rost well for use as a work string at Brobee.\n \nBrobee SWD is expected to accommodate the water production from Rost which, as it de-waters, is expected to deliver increasing gas flow. Once work is complete on the Brobee SWD, the next steps will be to commission a larger pump at Rost and connect the on-site pressure swing adsorption unit for purification of produced helium.\n \nThe project remains on budget and fully funded from the placing and subscription announced on 7 April 2025. Further announcements will be made as the Rost recompletion project progresses.\n \nNick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: \"I was fortunate to be on site in Kansas when the rig arrived and operations commenced at Rost. This well benefits from being just a few yards off a paved road, as well as having access to three-phase power. The well's location consequently means that operations can be conducted very efficiently and even heavy rain over the previous week did not prevent work getting underway.\"\n \nThis announcement contain...