Heres some older articles but have some good info i haven't seen talked about recently.
https://www.innovationnewsnetwork.com/accelerating-and-developing-helium-exploration-in-the-us/36931/
" Two deep Mississippian tests drilled by Four Corners Helium partner, Grand Gulf Energy (ASX:GGE), combined with 150 linear miles of reprocessed 2D seismic, has helped to confirm a deep-seated paleo-ridge covering almost 200 square miles and containing at least seven separate helium reservoirs in a minimum of three fault blocks. Thick, vugular dolomites associated with this huge feature are overlain by 1,200’- 2,000’ of Akah salts and anhydrites – creating the perfect seal.
This newly acquired data by the partnership demonstrates a helium system with distinct geologic similarities to Doe Canyon Field, located ~17 miles to the east. Originally drilled by Kinder Morgan, who later teamed with Air Products, Doe Canyon is an ~8000 ac dolomitic CO2 reservoir which has produced ~530 BCF (>95% from only ten wells) to date with an overall average of 0.4% helium. With an expected EUR of~850 BCF, Doe Canyon could ultimately yield 3 to 3.5 BCF in helium resource from an area 1/16th the size of the Red Project (although heterogenic porosities and permeabilities have the potential to cut this comparison by half)."
I think they had a porosites issue with j2 or wasn't similar to Doe Canyon but sure i read somewhere they were working out how to avoid those spots, might be in those links somehwere.
In this article they mention a possible Q45 tax credit for CO2..https://www.innovationnewsnetwork.com/partner/four-corners-helium-advancing-the-discovery-of-helium-reservoirs/
" This discovery boasts almost 1% helium concentration (1.7x higher than expected) and multiple TCF of CO2 that can be sequestered for Q45 tax credits or utilised in Enhanced Oil Recovery projects."
I'm not sure how this Tax credit would work or even if it's possible but others on here might understand it better than me but heres the code and the numbers, looks like $12 a ton is a starting base if it works out applicable down the track and as long as all goes well with the wells. https://sgp.fas.org/crs/misc/IF11455.pdf
And heres a Ton to cubic feet conversion for the number crunchers...https://gegcalculators.com/co2-weight-to-volume-calculator/
Heres the Four Corners Helium Website that gives an overview of the Red Prospect with diagrams etc.
https://www.fourcornersheliumllc.com/redprospect
and their team here.. https://www.fourcornersheliumllc.com/team who seem experienced.
Anyway, fingers crossed for the sidetrack in the New Year.
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Heres some older articles but have some good info i haven't seen...
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