ASP Isotopes Inc. (NASDAQ: ASPI) completed the drilling of wells required for Phase 1 of the Renergen Helium Project approximately four months ahead of schedule, the company announced.

The drilling program achieved the required cumulative nameplate flow rate, with recent wells showing gas flow rates up to 16 times higher than some earlier wells. The company attributes the drilling success to engaging a U.S.-based specialist company for seismic interpretation, reservoir modeling, well placement, and drilling execution.

"Drilling results from the Phase 1C exploration campaign indicate that the reservoir system is capable of delivering gas flow rates that meet or exceed previously estimated type curves," said Paul Mann, Executive Chairman and CEO of ASP Isotopes.

The company plans to tie the new wells to the processing plant in the coming months. Once completed, total flow is expected to meet or exceed Phase 1's nameplate capacity. ASP Isotopes is working with customers to align delivery timelines.

Following the planned completion of Phase 1 during 2026, the company expects Renergen to produce 2,500 GJ per day of LNG and 58 MCF per day of liquid helium. Phase 2, with an anticipated 44-month timeline after Phase 1 completion, is expected to produce 34,000 GJ per day of LNG and 895 MCF per day of liquid helium.

The Virginia Gas Project is located in the Free State, South Africa. ASP Isotopes acquired Renergen and restarted operations in April 2025 following bridge loan funding.

The information is based on a company press release statement.