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Total Helium Ltd. (V:TOH)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 3123 - 595 Burrard Street
VANCOUVER BC V7X 1J1
Tel: N/A
Website: https://www.totalhelium.com
IR: See website
Key People
Robert Johnston
Interim Chief Executive Officer, Director
   
Business Overview
Total Helium Ltd. is a Canada-based helium exploration, production, and storage solutions company. The Company's operations are spread across two US states: Arizona and Kansas. The Company's main footprint includes helium-producing assets in the prolific Holbrook Basin of Arizona, where its wells produce 5-8% helium concentrations. The Company has a joint venture interest in the Pinta South Helium Project in Arizona (the Pinta South Project). The Pinta South Project includes an interest in existing helium production as well as a working interest in a helium exploration and development program in the Holbrook Basin, Arizona. It has a 20% working interest in two producing wells and a 50% working interest in 27,000 acres, which includes eight additional wells that are awaiting connection to the helium processing facility. The Company's Hugoton field in Kansas has been the historical centre of helium production in the US, with over 300 BCF of helium and 75 TCF of methane.
Financial Overview
For the nine months ended 31 December 2023, Total Helium Ltd revenues increased from C$76K to C$290K. Net loss increased from C$1.5M to C$3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Professional fees increase from C$45K to C$395K (expense), Rent and office increase from C$47K to C$339K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.44M as of Dec 31, 2023
Annual revenue (TTM): $0.34M as of Dec 31, 2023
EBITDA (TTM): -$3.45M as of Dec 31, 2023
Net annual income (TTM): -$13.05M as of Dec 31, 2023
Free cash flow (TTM): -$2.19M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.89M as of Dec 31, 2023
Shares outstanding: 204,787,084 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization