- Helium demand is on the rise, placing pure-play helium producers in enviable position
- Company strategically positioned to bridge the helium supply gap
- Chairman David Sidoo is a key player in the company’s success, with a wealth of experience and a personal dedication to making the world a better place
The world is experiencing a helium supply shortage, and it is in need of pure-play helium producers. Medical industries need this critical component for cryogenics in MRI machines, and tech companies like Google and Netflix are integrating the resource into their own key initiatives. American Helium Inc. (TSX.V: AHE) (OTCQB: AHELF) is a junior energy company specializing in exploring for and developing helium assets in the United States. Led by Chairman David Sidoo, the company is working hard to fill the gap between supply and demand in the helium industry. Global demand for helium has risen by 10 percent per year over the past decade. The current supply of 5.4 billion cubic feet does not reach the eight billion cubic feet demand. If this trend continues, it is projected that the value of the helium market could exceed $1.5 billion by 2020 (http://ibn.fm/Xg8Cf). For companies like AHELF, this is good news.
American Helium is positioned to bridge the supply gap with its estimated 7.85 billion square feet of helium reserves in Utah. “The U.S. remains the heaviest user of helium worldwide and the incentives to discover new domestic helium reserves remain strong” Chairman David Sidoo, a 20-year veteran in the oil and gas industry and founding shareholder of American Oil & Gas Inc., stated in a news release.
David Sidoo brings a wealth of knowledge and expertise to the company. He is based in Vancouver, where he oversees a successful private investment banking and financial management firm. Sidoo was ranked in the top five nationally during his time as partner and advisory board member at Yorkton Securities, and he was voted one of the top 100 South Asians making a difference in British Columbia.
Sidoo is a rags-to-riches story that began in a large family and a tough neighborhood in New Westminster. He played football at the University of British Columbia while working two part time jobs to afford school when his father died suddenly of a heart attack. The coaches wouldn’t let him leave. With their help, David was able to secure scholarships and get a better job before graduating with a BA in physical education and a minor in business. He became the captain of UBC’s first ever football national championship team. After graduating from UBC, he became the first Indo-Canadian drafted into the Canadian Football League, where he played five seasons with the Saskatchewan Roughriders and a short stint with the BC Lions.
He redirected that fame and drive into a successful career as an entrepreneur. Sidoo is now using that success to give back to his community in big ways (http://ibn.fm/QAElw). He was awarded the 2016 Order of British Columbia for his ability to use his talents toward making a difference in Canada and around the world. He was also presented the prestigious WAC Bennet Award from the BC Sports Hall of Fame for his commitment to giving back. That same dedication and passion that he directs into his community is also directed into the advancement and success of American Helium Inc.
For more information, visit the company’s website at www.Amerihelium.com
