Ute Mountain Ute
4300 Acre Coyote Wash Lease Agreement in process of being finalized by UMU Tribal Council
- - -
4300 Acre Coyote Wash Lease Agreement in process of being finalized by UMU Tribal Council - - -
Project History
Over the last 5 years, Four Corners Helium (FCH) has cultivated a binding working relationship with the Ute Mountain Ute (UMU) Tribe in SW Colorado.
In exchange for a 6-month exclusive to all unleased and non-unitized Tribal minerals, FCH provided the UMU’s a proprietary Helium Resource Assessment.
Augmented by the bulk of the Tribal 2D and 3D seismic, FCH utilized the exclusivity period to high-grade the most promising minerals for helium exploitation.
On Dec 16, 2024, FCH signed a Participation Agreement with Mosman Oil and Gas (AIM:MSMN), with an Area of Mutual Interest covering ~53,000 acs (Phase 1).
Phases II & III (>75K acres) are in the early stages of development
Geology:
Seal: ~400’ of salt/anhydrite
Trap: Conventional 4-way/3-Way structural closures
Targets: Mississippian Leadville, Devonian McCracken
Stratigraphy: Mixed Dolomites/Limestones
Gas Comp: 1.5-5% He; 12-60% CO2; 1-20% methane; 20-50% N2
Engineering:
Normal pressure; vertical well; 1st Loc: Sec 30, 33.5N/19W
Drill and Complete: ~ $3.3MM (Incd’s 7” production liner)
Total Depth: ~7500’
In discussions with eminent Solar Project for future power supply
Midstream:
Primary Option: Transport the full gas stream to the Lisbon Valley helium plant south of Moab, Utah, using the local Anasazi pipeline, then connecting to the GNG Partners Red Pepper pipeline.
Secondary Option: Utilize an IACX helium recovery/nitrogen rejection unit utilizing long haul tube trucks.
Resource:
6 subsalt Mississippian/Devonian locations (Phase I)
10 MMCFGD, P-50 Flow Rate; $300-400/MCF anticipated for 2025
Helium Resource: 2.5 BCF (low case) 3.6 BCF (high case)
NOTE: SPE PRMS due diligence yet to be performed
Exclusive Seismic
Three 3D’s (36 sq miles)
56 sq mi 2D Swath
1500 miles of 2D
Reprocessing by eSeis, Inc
