Total Helium Ltd. has exercised its option to purchase 25% of Total Helium's 3,648 acres near the Boltz Well in the Hugoton Gas Field of Kansas. The Company previously entered into a farmout agreement with the large natural gas producer in the State of Kansas to drill the Boltz well on the Producer's oil, gas, and helium leases. The agreement also established an Area of Mutual Interest (AMI) near the Boltz well.

Total Helium successfully acquired leases in the AMI. As part of the agreement, the Producer had the right to purchase 25% of Total Helium's leases within the AMI. At this time, the Producer has exercised their option.

Positive implications for both parties: The Producer's decision to purchase 25% of Total Helium's leases within the AMI is a positive indicator for both companies. For Total Helium, the fact that a major private company is taking an interest in its assets is an indicator that Total Helium is on the right track when it comes to helium exploration and production. For the Producer, the purchase of Total Helium's leases demonstrates that the agreement is yielding valuable assets as part of an overall beneficial partnership.

Lastly, this transaction further demonstrates the operational synergies between the Company and the Producer when it comes to bringing helium to a market in desperate need of additional supply.