Altura starts recompletion on first two helium wells

Executive Summary

• Altura Energy Corp. has commenced recompletion work on the first two of eight Helium wells in the Holbrook Basin, Arizona, following the consolidation of a 100% interest in the assets.
• The company aims to determine if production issues are easily correctable or require more significant engineering interventions, with the goal of reestablishing production that ceased shortly after initial connection in 2023.
• Flow results from the initial two wells will be released upon completion of the workovers, which are expected to take 5–10 days per well.

Key Details

• Work Start Date: October 27, 2025.
• Asset Interest: Altura consolidated a 100% interest in eight Helium wells in northeast Arizona (previously held a 50% interest acquired in 2023).
• Operational Status: All eight wells died within months of connecting to the plant in 2023; no prior engineering-driven effort was made to reestablish production.
• Scope of Work: Recompletion efforts on the first two wells to evaluate if production is restricted by correctable issues (e.g., lowering water levels, removing sand) or requires costlier investments (e.g., relogging, squeezing cement, reperforating).
• Timeline: Workovers expected to take approximately 5–10 days per well, plus rig move time.
• Next Steps: The remaining six wells will be evaluated after the first two are tested. Altura will release flow results upon completion of the initial two workovers.

Notable Quotes

• "Because no engineering driven effort was undertaken to reestablish production, Altura believes the area's potential is untested."