Altura Energy Advances Helium Production with Infrastructure Upgrades and Multi-Well Development Program

Executive Summary

• Altura Energy successfully recompleted two helium wells, achieving initial flow rates of 123 mcf/day and 118 mcf/day with helium concentrations of 5‑8 %.
• Degraded sections of the legacy pipeline were identified; a full pipeline replacement program has been initiated, with construction expected to begin after permitting and last ~8 weeks.
• Upon completion, three wells will be returned to production and two additional wells are slated for recompletion/workover, supported by new SCADA and GIS monitoring systems.

Key Details

• Well Recompletion Results:
• Well A – 123 mcf/day, helium 5‑8 %

• Well B – 118 mcf/day, helium 5‑8 %

• Pipeline Condition Findings:

• Degradation in existing pipeline caused reduced gas delivery to processing plant.

• Remediation Actions:

• Repaired exposed surface piping.

• Temporarily shut all wells to commence a full pipeline replacement program.

• Pipeline Replacement Program:

• New pipeline sourced and delivered to site.
• Master Service Agreement executed with contractor for installation.

• Construction start pending permits; estimated duration ≈ 8 weeks.

• Infrastructure Upgrades:

• Installation of isolation valves for improved diagnostics/maintenance.
• Integration of valve and pressure data into SCADA telemetry across all producing wells.

• Implementation of GIS mapping for accurate pipeline routing and field infrastructure management.

• Production Restart Plan:

• After pipeline installation, three existing wells will resume production.
• Two additional wells scheduled for recompletion/workover in the next development phase.

• Planned activities include: production tubing installation, workovers on up to three wells, SCADA connection for all producing wells, and selective well logging to assess further helium potential.

• Market Context:

• Recent geopolitical disruptions (e.g., Qatar) have highlighted vulnerabilities in global helium supply chains, underscoring the strategic importance of North‑American helium sources.

• Investor Conference Announcement:

• Altura will present at the Kinvestor Mining & Energy 2026 virtual investor conference on March 26, 2026 (11:20 AM PT / 2:20 PM ET).

Notable Quotes

“Through the operational improvements we are implementing across the field, we are focused on building a reliable production platform capable of supporting consistent helium delivery to the market,” – Ashley Lastinger, CEO, Altura Energy Corp.