Ann: Development Well Permitting and Scheduling Update, page-12

"flow rates at the State 16 SWSE 3054 helium discovery"

"independent engineering consultants have advised that the State 16 well is capable of a maximum rate of 441 thousand cubic feet per day"

"more stabilised rates constrained for production optimization projected to be between 250 - 350 thousand cubic feet per day"

"well is currently completed for tie-in to production facilities"

"commercial discussions with interested buyers ongoing"

"application for a new oil and gas development plan for 5 additional wells at Galactica has passed the completeness and technical review"

"Colorado Energy and Carbon Management Commission have set a hearing date of 4 September 2024"

"wells are expected to commence drilling in Q4 2024"

"tie-in to production facilities is also targeted for Q4 2024"

"work continues to de-risk the greater Galactica/Pegasus development"

"has been further derisked by the successful third-party commercialisation of the adjoining Red Rocks helium project"

https://oilman.beehiiv.com/p/oilman-jims-letter-july-3-2024

Worth reading