Imperial Helium has successfully drilled, logged, and cased its first well, IHC-Steveville-1, on its historic Steveville Helium asset in South Eastern Alberta, according to a statement.

The well has reached a total depth of 2167.46 meters where initial petrophysical analysis of well-logs confirmed the presence of a 152-meter section of the Beaverhill Lake Formation.

“The preliminary results of this first appraisal well are tremendously encouraging and they support management’s estimate of at least 1.1Bcf of recoverable helium from the Steveville structure. Shortly, we will commence production testing of IHC-Steveville-1 to appraise the reservoir quality and the deliverability potential last demonstrated by the Steveville blow-out,” David Johnson,  Imperial Helium’s Director and CEO commented.

The company stated it will begin the drilling process of its second appraisal well (IHC-Steveville-2) soon.