Mar. 5 at 11:16 PM
$PSRHF Based on the expanded delineation from seven successful appraisal wells spanning a 6-8 km areal extent (far beyond the initial discovery footprint), multiple stacked helium-bearing pressure zones, and consistent 7-14.5% helium grades, a total unrisked recoverable resource approaching or exceeding 10 Bcf at the Topaz project is plausible in the upcoming independent update. This would represent a substantial uplift from the prior 1.3 Bcf Pmean estimate, which covered only ~13% of the project’s ~4,181 net leased acres at the time and was based on limited early data.  The high-case P10 of 2.8 Bcf for that initial prospect already implied ~21 Bcf potential if extrapolated across the full acreage with similar reservoir quality, and recent step-outs have de-risked a materially larger volume while confirming strong pressurization (up to 1,292 psi bottom-hole).  Additional seismic, flow testing, and integration of all well data through mid-2026 could further support this scale. 
