Enhanced Oil Resources
Enhanced Oil Resources controls approximately 235,000 acres of land within the St Johns Helium-Carbon Dioxide field in Arizona and New Mexico, where the Company is developing what is thought to be the largest undeveloped resource of helium and carbon dioxide gases in North America.
Development of the project could result in the Company becoming one of North America's largest Helium and CO2 suppliers and enhanced oil recovery producers. The Company’s helium reserves, once in production, will be sold to Air Liquide under an existing 15 year Take-or-Pay gas contract.