Shares of $HELI realizing gain of 31% last week alone I can’t wait to see what’s in store for First Helium this upcoming week. Riding on the news that the company was able to get its 1-30 well on-stream ahead of schedule, shares made a strong break above an over 2-month ascending wedge pattern in formation.
Last week alone, shares of $HELI realized a gain of 31.05%. Since bottoming out in October, shares are now up a grand total of 119%.
$HELI’s success in the market can be attributed directly to its strong and well-executed business plan for the Worsley helium project. Assuming the current production of the 1-30 alone stays steady at the current rate of over 400 barrels per day, $HELI should be earning a net-field cash flow of over $600,000 on a monthly basis.
In connection with its March year-end, $HELI will commission an independent reserves evaluator to prepare an NI51-101 compliant reserve report for 1-30, including a net present value of estimated oil reserves.
I’m expecting an exciting ride from $HELI leading up to its year-end reports. Currently, the company is trading at $.405 and is valued at $26.57 million.
https://ceo.ca/@newswire/first-helium-brings-1-30-well-on-stream-ahead-of-schedule