NASCO AG: New Helium Plant Commenced Operation at DBK

Hamburg (ots) -

AMCS Plant Commencement

NASCO Energie & Rohstoff AG (NASCO), a natural resource specialist
headquartered in Hamburg, Germany and active in the USA, is pleased
to announce an operational update to its new Helium separation plant
at Dineh-Bi-Keyah (DBK) in Arizona.

DBK Helium and Oil Field, Arizona:

Nasco is pleased to announce that after extensive modifications
carried out by AMCS the new Helium Processing facility at DBK Helium
Field in Arizona has commenced operation. The AMCS design plant will
allow processing of up to 411 MCFPD of 98.8% purity helium. Nasco
commenced trailer filing from this plant week starting January 29th,
2019.

The commissioning of this plant concludes our development strategy
that we designed in late 2016 to more than double our helium
production from the field.

NASCO CEO Jan Warstat stated: "We are extremely pleased to see
this plant come online as it represents a significant milestone of
our business strategy and firmly establishes Nasco as an important
player in the worldwide Helium market."

NASCO - Well-Positioned in the Biggest Global Commodity Market:

NASCO Energie & Rohstoff AG has been making targeted investments
to expand their helium activities since 2014. Previously, their
helium production focused solely on a site in Arizona with the Navajo
name Dineh-bi-Keyah (DBK), which is located in northeast Arizona, an
area known as the Four Corners region. What makes the DBK field so
remarkable is that its raw gas has an above-average helium content of
more than five percent, a rare global occurrence. In comparison, the
gas starts being economically worth extracting when it has a helium
content of 0.5 percent.

NASCO is the controlling shareholder of the DBK helium field in
Arizona and holds 60% of the permits and controls 80% of the
Operating Company, Capitol Operating Group, LLC.

Increasing Global Demand for Helium:

Global demand for the noble gas helium is increasing, yet its
availability on this planet is limited. This is driving helium prices
up. The USA is the biggest market for helium, followed by Asia and
Europe. Helium has many commercial and scientific uses worldwide,
primarily in cryogenics as a coolant for very low temperatures (e.g.,
for cooling superconducting magnets for MRI scans), as a material
used in welding and cutting, as a tracer gas for leak detection, as a
compressed gas to deploy automobile airbags, as a lifting gas for
airships and balloons, and also as a component gas of breathing mixes
for divers. In addition, it plays a decisive role in researching new
technologies.

A B O U T N A S C O

The oil and gas specialist NASCO Energie & Rohstoff AG (NASCO),
which is located in Hamburg, Germany, and active in the USA, is one
of the few German producers on the global helium market. The company
acquires, develops and operates helium gas fields in the USA, which
is the largest commodities market in the world. NASCO owns five sites
in four U.S. states as well as their own offshore extraction
concessions for helium, crude oil and natural gas in the Gulf of
Mexico. Their helium clients are U.S. refineries and industrial gas
companies that refine and sell the noble gas to end customers. The
company has a long-term supply agreement with Praxair, the leading
industrial gas company in the USA.

Contact:
Investor Relations
NASCO Energie & Rohstoff AG
Mittelweg 110 - 20149 Hamburg, Germany
Telephone +49 (0) 40 2261 63030
Email investor-relations@nasco.ag

Original-Content von: NASCO AG, übermittelt durch news aktuell