#1TOTAL HELIUM EnerCom Denver 2022#2Overview Massive Resource Play The Team Engineering Mid-Stream Infrastructure Demand For Helium - Need For Storage Other Helium Plays Economics Contact Information TOTAL HELIUM#3Massive Resource Play TOTAL HELIUM#4TOTAL HELIUM Massive Resource Play - 2,500+ Wells Extension of the largest continuous conventional natural gas and helium field in North America, the Hugoton Gas field, with modern production and completion techniques Panhandle - Hugoton Field has been the historical center of helium production with over 300 BCF of helium and 75 TCF of methane Modern production techniques and helium prices make the extension of the field attractive Powder River Basin 1.65 Million Acre Play Western Canadian Sedimentary Basin Sweet Grass Arch SE Alberta Gas Field Williston Basin Sierra Grande Uplift Denver Basin San Juan Basin ■ World-class resource potential ■ First mover advantage with over 200 drill sites ■ 1.65-million-acre field extension ■70 BCF of Helium ■ 8.5 TCF of produced gas, enriched with liquids Permian Basin First 2 wells drilled and producing helium and natural gas ■ Advantageous commodity prices Critical infrastructure already in place Water Recharge Byerly Bradshaw Hugoton Gas Field 1 Anadarko Basin N 1.65 MM acres Hugoton 300 Miles Key Hydrodynamic Gast Accumulation Rockies Recharge Low Plains Discharge Lithology Key Continental Clastics. Marine Carbonates Precambrian Basement Western Limit - Wellington Evaporite (top seal) Gas free-water contact Panhandle Miles Modified from Rascoe 1968 Recharge Hydrodynamic Flow Direction Discharge 4#5TOTAL HELIUM Elevation Feet x 1000 -2 Extension of the Largest Gas Field in North America Regional Play - Schematic Recharge Bradshaw & Hugoton Gas Fields Discharge W Kev Dry Hole Local Play - Schematic Facles Associations Craporites Mited Cantics/Cartonates Carbonates Symbols Gas producing intervall Groundwater re-charge vectors Herington Red cave redbed clastics Granite Wash Current Day Land Surfa Potentiometric Surface - Missourian Carbonate Aquifer Red Bed Sands ------ ±5,000' Hydraulic Head Permian Chase/Council Grove Carbonate Krider Chase Group Wellington Salt (Confining Winfield Towanda Upper Penn (Missourian) Carbonate Fort Riley VE 132x B Note: Regional Monoclinal dip across Hugoton Field is extremely shallow-avg. 25-30' per mile B' Water Force Vector (generalized) Council Grove -4 0 50 100 150 200 250 300 350 400 450 A A' ≤1 -5 (BCF/640 acre) * Wellington Evaporite Formation Top Seal 10+ * E B * "Wet' zones Producers feared due to low G/W ratio, low BTU, and not paid for He when field originally developed Developed Zones - Water-free gas saturated reservoirs "Lower" Gas Saturation High Gas Saturation B' Hugoton Field has been the historical center of helium production with over 300 Bcf of helium produced ■ Application of new modern completion and production techniques with dewatering operations to extend the Hugoton Field significantly 70 Bcf of additional helium production potential ☐ 8.5 Tcf of produced gas, enriched with liquids First wells drilled, producing helium and natural gas and providing invaluable data for unlocking the resource potential 5#6TOTAL HELIUM 10X More Production Potential Bradshaw Field - Sandstone Reservoirs BHP 460# est 530# est 600# est 650# est 15-075-20410 GR SP 150 2400- 1000 ILS Hugoton Field - Carbonate Reservoirs Sec. 19-T23S-R40W 15-093-20923 Avg cum production per interval GR 150 Conductivity Net Cum Production (BCFG/640) SP Sw } 1.4 BCF འ I 35% 2500 38% 42% 51% 54% 2600 67% 2700 68% 700# est 2800 68% Target(s): Winfield Only! (10' Avg Perf'd) Net Pay = 153' Porosity/Ft 2,850 A BHP 437# est 1000 ILS Sec. 22-T25S-R36W Conductivity Sw 20% 20% 13.2 440# 26% est BCF 1.3 BCF 1.4 14.5 BCF BCF 445# est 450# 30% est 45% Target(s): Chase thru Council Grove Net Pay = 164' Porosity/Ft 2,080 A 30% Chase Council Grove 6#7The Team TOTAL HELIUM#8TOTAL HELIUM Board Members Robert Johnston lan Telfer Gordon Keep Diana McQueen Robert B. Price Mr. Johnston is presently the President of Atalaya Resources, LLC, a private oil and gas exploration company operating in Western Oklahoma and the Texas Panhandle. Mr. Johnston retired from Apache Corporation in 2014 as Executive Vice President. His positions at Apache included Vice President of the Central Region, responsible for the Anadarko Basin, Permian Basin, and East Texas Basin; Country Manager Apache Argentina, responsible for Neuquén Basin, Austral Basin, and Cuyo Basin; Exploitation Manager, Apache Canada, responsible for southern Alberta and Saskatchewan; and Development Manager, Apache Eqypt, responsible for Khalda concession. Mr. Johnston began his career in 1982 as geologist with Apache Corporation. Mr. Johnston received a Bachelor of Science degree from The University of Tulsa. Mr. Telfer is a Canadian executive and philanthropist known for his strategic business success in the mining and resource sector. Mr. Telfer was the Chief Executive Officer of Wheaton River until its merger with Goldcorp in 2005 when he became Goldcorp's President and Chief Executive Officer. In 2006, Mr. Telfer was appointed Chairman of the Board for Goldcorp, a position that he held until 2019 when Goldcorp merged with Newmont Mining, creating the world's largest gold company. He studied Political Science at the University of Toronto and earned his M.B.A. from the University of Ottawa. Mr. Telfer is also a Fellow in the Institute of Chartered Accountants, a member of the National Association of Corporate Directors, and a member of the Institute of Corporate Directors. Mr. Keep has extensive business experience in investment banking and public natural resource companies. Mr. Keep is the CEO of Fiore Management & Advisory Corp., a private financial advisory firm. He also serves as an officer and/or director for several natural resource companies. He holds a B.S. in Geological Science from Queen's University and an M.B.A. from the University of British Columbia. Ms. McQueen consults in business development and government relations at the municipal, provincial, federal & international government levels with diverse board experience related to engineering and energy exploration. Ms. McQueen also brings expertise from serving with WaterNext and Children and Family Services. Ms. McQueen draws on her years as a member of the Legislative Assembly Drayton Valley-Devon as Minister of Municipal Affairs & Government House Leader. She also served as Minister of Energy and Minister of Environment/Water/Climate Change and Minister of Sustainable Resource Development, including Forestry. Mr. Price has assembled and managed a series of companies in the fields of energy, real estate, and manufacturing. He recently sold his 75% stake in a hydrogen electrical generation business in New Mexico to Tallgrass Energy which is funded by the Blackstone group. Mr. Price served as Chairman and CEO for Highlands Natural Resources. Mr. Price was also the founder and Chairman of Zeledyne, which purchased Ford Motor Company's Glass division employing over 1,200 employees. Mr. Price received a B.A. from the University of Colorado at Denver and J.D. from the University of Tulsa. 8#9TOTAL HELIUM Credibility Key Partnerships Linde $150B international industrial gas company ~$2M pre-payment for discount on future helium deliveries Acreage and drilling first wells SCOUT IPT . Largest natural gas producer in Kansas and owner of Jayhawk gas processing plant • Chose to Participate in 25% of leases in Area of Mutual Interest (AMI) Operates first well (Total Helium operates second well) WELL SOLUTIONS Premier international engineering firm Over 4,000 wells drilled and completed across various countries and geographies rps RPS Group evaluating various development techniques at Total Helium's acreage in western Kansas. Enhancing production rates and reserves on a per-well basis at all current and future wells. 9#10Engineering TOTAL HELIUM#11TOTAL HELIUM Engineering First project well at the southern edge of our project area " Total drilling depth of 2,700 feet First Well: Boltz 35B " 7-inch production casing " 150,000 lbs proppant utilized for Wymore 80,000 lbs proppant utilized for Winfield and Towanda C " Stimulated in 2 separate jobs Higher risk, higher water saturation (70%) Wymore formation stimulated first Lower risk, less water saturation upper formations Winfield and Towanda C stimulated later Dewatering operations ongoing Current production rate has increased from 20 Mcfpd and fluctuates from 100 to 180 Mcfpd. Rate could increase with the dewatering process. Encouraging Water-Gas-Ratio (WGR) decrease Current studies of horizontal drilling for optimal development RPS Energy will help design horizontal well for maximizing project NPV Sales pipeline connected Sales pipeline connected for helium, methane and natural gas liquids The gas sample show concentrations of 0.72% helium, 54.70% methane and 2.67 gallons per Mcf of natural gas liquids Quest PELAMIS Electric drives and pump-control equipment Electric power supply Helium Nitrogen 0.72% 35.03% Power cable Methane 54.70% Ethane 4.52% Gas separator Pump intake Propane 3.00% isoButane 0.36% Motor n-Butane 0.94% isoPentane 0.18% Perforations Nnpentane 0.20% Hexanes Plus 0.20% Produced fluids Separated gas Motor protectors 11#12TOTAL HELIUM Engineering Second Production Well: Miller 9D Second project well 20 miles northeast of the Boltz 35B well Total drilling depth of 3,200 feet 5.5-inch production casing 80,000 lbs proppant First stimulation performed on Miller 9D compared to Boltz 35B The smaller stimulation and limited entry perforations were performed 150,000 lb. stimulation on the Boltz 35B led to experimenting with a smaller stimulation on the Miller 9D well. Future stimulations will be designed with more limited entry perforations and larger staged stimulation Second stimulation added 4 additional zones in early May 80,000 lbs of proppant Dewatering operations ongoing Current production rate has increased from 20 Mcfpd and fluctuates between 100 to 300 Mcfpd. Rate could increase with the dewatering process. Initial production figures coming from only a portion of total productive formations Results from second stimulation ongoing and expected to increase production. Sales pipeline connected Sales pipeline connected for helium, methane and natural gas liquids The gas sample show concentrations of 0.58% helium, 61.01% methane and 3.09 gallons per Mcf of natural gas liquids Second Well: Miller 9D & Miller 9C Miller 9C: Summary Total Helium's 1st produced water disposal well Very close proximity to Miller 9D allowing for efficiencies and cost savings in drilling Total depth of 6,200 feet Proven disposal zone High disposal capacity 5,000 bbls of water per day with 250 psig injection pressure with current permitting Well potential could be higher Significant cost savings for disposal operations over long periods of time Connected to Miller 9D for dewatering operations Currently taking 500+ bbls of water per day on a vacuum DUKE DRILLING CO., INC. RIG 1 Helium 0.58% Nitrogen 26.28% Methane 61.01% Ethane 5.25% Propane 3.34% isoButane 0.38% n-Butane 1.04% isoPentane 0.21% 0.25% 0.34% Nnpentane Hexanes Plus 12#13TOTAL HELIUM Engineering Key Learnings Moderate Porosity (10- 20%) & Permeability (5-10 mD) High Water Saturation to Begin; Water- to-Gas Ratio Use of Proppant Tracers Helped Controlling Establish Stimulation Sand Continuing to Decrease Vertical Growth Multiple Water Pumping Methods (ESP vs. Rod Pumps) Varied Stimulation Techniques (80-150 lbs; limited entry and staged) 13#14TOTAL HELIUM Fracture Modelling Learnings (Part I/IV) Frac Geometry - Winfield & Towanda Model vs Proppant Log Proppant Concentration (lb/ft²) 2370.00 0.00 Winfield Carbonate Winfield Sand Gage Shale Towanda A Towanda B Towanda C Ft Riley Florence Blue Springs -620 132 356 844 2402.00 0.297794 0.599265 0.897059 2434.00 1.19853 2466.00 1.50 1.79779 2498.00 2.09926 2530.00 2.39706 2.69853 2563.00 2400 2500 50 The fracture treatment match geometry compared to the proppant log shows a reasonable match that gives confidence in the fracture model 1596 1108 14#15TOTAL HELIUM Fracture Modelling Learnings (Part II/IV) Frac Geometry - Generic 40# Borate X-Linked Fluid + 100 Mesh in Pad @40 bpm Rate 40 Concentrations (lb/gal) Rates (bpm) 2025 22.5 OL 9:0 13.5 06 Bottom Hole Pressure -Well Pressure Injection Rate Bottom Hole Proppant Conc -Surface Proppant Conc Engine Results Pressures (psi) Proppant Concentration (lb/ft²) Winfield Carbonate Winfield Sand Gage Shale Towanda A Towanda B Towanda C Ft. Riley Florence Blue Springs 2379.00 0.00 0.392059 2411.00 0.79902 1.19608 2443.00 1.59804 2475.00 2.00 2.39700 2507.00 2.79902 2539.00 OR 3.00 9.00 12.00 15.00 18.00 21.00 24.00 27.00 30.00 33.00 Elapsed Time (minutes) Wymore -1040 Generic 40# Guar-Borate Crosslinked Gel Fluid 100 lbs 20/40 Proppant per Stage with 100 Mesh Sand in Pad Frac Fluid: Treatment Size: Pump Rate: 40 bpm Frac Height Growth: 2572.00 1184 107 m (Frac almost completely covers Chase formation members from Winfield to the top of Florence) 15#16True Vertical Depth 2340 TOTAL HELIUM Fracture Modelling Learnings (Part III/IV) Notional Horizontal Well in Chase Formation Landed in Towanda C 500.00 600.00 +700.00 800.00 900.00 1000.00 1100.00 1200.00 1300.00 1400.00 1500.00 1600.00 700.00 1800.00 900.00 2000.00 2100.00 2200.00 2390.00 2450.00 2500.00 2800.00 3000:09 3200.00 3400.00 3600.00 -100 210 520 830 1140 1450 1760 2070 Horizontal Offset 3800.00 4000.00 4200.00 4400.00 7380 2690 3000 STRESS MAX.PSI Grid Winfield Carbonate Winfield Sand Gage Shale Towanda Al Towanda B Towanda C Ft. Riley Florence 468 1496 2524 3552 2390.00 720.999 876 316 1031.63 2423.00 1186.95 1342.27 2456.00 1499.42 1654.73 2489.00 1810.05 16#17TOTAL HELIUM Fracture Modelling Learnings (Part IV/IV) 3-Stage Pump Schedule - 35# Baker Hughes SpecFracG Fluid Proppant Concentration (lb/ft2) 2370.00 0.00 2350 Winfield Carbonate Winfield Sand Gage Shale Towanda A Towanda B Towanda C Ft Riley Florence Blue Springs SpecFracG_35# 215_HPCRB 0.25 2402.00 2434.00 2466,00 0.39576 0.796233 1.59717 1.99764 2.39812 2498.00 2530.00 2563.00 2.798.59 315906 2400 2450 2500 SpecFracG_35# 215_HPCRB 0.25 2550 Wymore Frac Fluid: -1064 -532 Treatment Size: Pump Rate: Frac Height Growth: 532 1064 35# Baker Hughes SpecFracG Borate Crosslinked Gel Fluid 100 lbs 20/40 Proppant per Stage with 100 Mesh Sand in Pad 35 bpm 124 m (Frac completely covers Chase formation members from Winfield to the top of Florence) 17#18Midstream Infrastructure TOTAL HELIUM#19TOTAL HELIUM Tumbleweed - Ladder Creek Plant Midstream Infrastructure Existing Natural Gas & Helium Pipelines and Processing Plants Pipeline Key Eastern Panhandle Colorado Interstate Tell Gress -DCP Energy Transfer L Ladder Creek Line Capacity Increasing 10 mi 75 38W 27S 37W 279:96W 27535W 275 34W 285 37W S38W 295 37W LINDE- PraxAir He Purification Plant 28s 36W Grant 295 36W/ 28535W 28S 34W 295 35W 295 34W Jayhawk Crude He Refinery 38W 305 37W 305 35W 30S 35W 30S 34W 19#20TOTAL HELIUM Demand For Helium – Need For Storage -#21TOTAL HELIUM Demand For Helium Vital to Many Critical, High Tech Industries Aerospace MRI Machines Semiconductors Engineering Mobius Fiberoptics 21 21#22TOTAL HELIUM (intel) Demand For Helium Massive Domestic Investment In Semiconductor Manufacturing tsme $20bn $52bn $20bn TEXAS INSTRUMENTS GW SAMSUNG $10.5bn $5bn $17bn These major companies require an uninterruptible, on-demand, domestic supply of helium 22#23TOTAL HELIUM Ensuring Supply Security • Non-depleting, revenue generating asset • Ensures customers have an on-demand source of helium . Storage Sands, Silts, Clays Total Helium Helium Storage Mining Configuration Conductor, Drivenerdrilled Base USDW ft 20" Surface Casing: Cemented to Surface Shales and salt layers Intermediate Casing: Eliminates US dependence on foreign. sources of helium Modern storage facility 50/50 ownership arrangement with Total Helium's industrial gas partner Top of Salt Section. Cavem Roof Production Casing Cemented to Surface. (Premium Thread-or Welded) Outer Hanging String Inner Hanging String Salt Underground salt caverns for storage are created by solution mining: pumping fresh water down a well to dissolve underground deposits of salt; As the water circulates it dissolves the salt (developing a cavern) and the resulting brine is disposed of or used off-site. 23#24Other Helium Plays TOTAL HELIUM#25TOTAL HELIUM Other Helium Plays Opportunities for Aggressive, Responsible Growth Saskatchewan Alberta Wyoming Utah Colorado New Mexico Arizona 25#26TOTAL HELIUM Other Helium Plays Opportunities for Aggressive, Responsible Growth Drilling more wells on current footprint to increase shareholder value. Looking at opportunities in other emerging helium plays to increase shareholder value. 26#27Economics TOTAL HELIUM#28TOTAL HELIUM Gas Rich in Helium and Natural Gas Liquids Greeley Helium Concentration Map amikon 218-480 ALL 90 O Wichita Ver 22 Kearny 0 2 Boltz 35-Gas Concentrations Helium 0.72% Nitrogen 35.03% 1.40 Methane 54.70% 1.30 Ethane 4.52% 1.20 Propane 3.00% 3 1.10 isoButane 0.36% 1.00 n-Butane 0.94% Scott Contour 0.90 0.80 isoPentane 0.18% 0.70 0.60 Nnpentane Hexanes Plus 0.20% 0.20% 0.50 0.40 0.30 • 2.67 gallons per Mcf of natural gas liquids 0.20 0.10 Stanton Grant Haskell *Latest Known Price Settlement Miller 9D-Gas Concentrations Helium 0.58% Nitrogen 26.28% Methane 61.01% Ethane 5.25% Propane 3.34% isoButane 0.38% n-Butane 1.04% isoPentane 0.21% Nnpentane 0.25% Hexanes Plus 0.34% 3.09 gallons per Mcf of natural gas liquids 28#29TOTAL HELIUM Advantageous Pricing Helium, Methane, and Natural Gas Liquids (NGL) Being Sold at Advantageous Prices Helium $212/Mcf for helium (spot prices exceeding $1,500/Mcf) Methane $8.32/Mcf for residual natural gas* NGL $2.00/gallon for pentane plus* ($0.88 weighted average) *Latest Known Price Settlement (June, Miller 9D) 29#30TOTAL HELIUM 100 Mcfpd Potential Rates/Gross Revenue Analysis 300 Mcfpd 500 Mcfpd DEWATERING PROGRESSION Natural Gas $15,228 $45,684 $8.32/Mcf* 1,000 Mcfpd*** $76,140 $152,281 NGLS** $7,224 $21,671 $36,119 $72,238 $0.88/gallon Helium $3,689 $11,066 $18,444 $36,888 $212/Mcf Helium $1,000/Mcf $17,400 $52,200 $87,000 $174,000 Monthly Total $26,141 $78,422 $130,703 $261,407 $212/Mcf He Pricing Monthly Total $1,000/Mcf He Pricing *Latest settlement price for residual gas (June, Miller 9D) $39,852 $119,556 $199,259 ** Weighted average pricing based on latest settlement prices (June, Miller 9D) well and March 8 Gas Composition testing -$0.38/gal of ethane, $1.05/gal for propane, $1.54/gal for iso-butane, $1.25/gal of n-butane, $2.01/gal of pentane plus *** RPS P50 Case - First Month Production is over 1,000 Mcfpd $398,519 30#31Contact Information TOTAL HELIUM#32TOTAL HELIUM Contact Information Investor Relations Dan Lane Director, IR [email protected] Toronto Stock Exchange US OTC TOH.V TTLHF