Altura Energy Successfully Recompletes Two Initial Wells and Is Producing and Selling Helium Through Onsite Processing Plant as of November 19, 2025

Executive Summary

• Altura Energy successfully recompleted two previously drilled wells (Well #1 and Well #2) on Nov 7 and Nov 13, re‑establishing helium flow to its onsite processing plant.
• Initial 12‑hour production rates are 123 mcf/day from Well #1 and 118 mcf/day from Well #2, with helium concentrations of approximately 5%–8%.
• Helium is being sold under a contract at US$350 per mcf (less plant‑maintenance deductions), and the company plans to evaluate three additional wells pending gas‑analysis results.

Key Details

• Recompletion dates: Well #1 – 7 Nov 2025; Well #2 – 13 Nov 2025.
• Initial flow rates (first 12 h):
• Well #1 – 123 mcf/day of gas.
• Well #2 – 118 mcf/day of gas.
• Helium concentration: Estimated 5%–8% based on processing‑plant data; formal gas analysis pending.
• Offtake agreement: Helium sold to partner at US$350 per mcf, less deductions for plant maintenance.
• Well condition: Both wells originally drilled in 2020 with no prior work; recompletion restored stable downhole pressures and positive long‑term production indicators.
• Operational monitoring: Daily on‑site engineering team assigned to ensure consistent helium output and assess any required maintenance.
• Future development plan: Evaluation of three additional wells on the property; completion contingent upon results of gas analysis from the initial two wells.

Notable Quotes

“Since these wells have had no work done to them after being drilled in 2020, I was pleasantly surprised by the state of the wells and the positive pressure signs they are showing now that recompletion work has finished,” – Ashley Lastinger, CEO, Altura Energy Corp.