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First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. (First Helium) is a Canada-based helium exploration and development company with properties in Northern and Southern Alberta. The Company is focused on exploring and developing two helium projects in Alberta, Canada. The Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 60,000 acres. It holds First Helium's helium discovery well and two oil wells. The Southern Alberta Helium Fairway Project (Lethbridge) covers over 276,000 acres. Over 60% of First Helium's acreage has three-dimensional (3D) seismic coverage for identifying subsurface structures and closure necessary for trapping helium.


TSXV:HELI - Post by User

Comment by jrk8888on Mar 23, 2022 6:50am
162 Views
Post# 34536766

RE:Awesome! 4-29 tests 467 barrels of 35 degree light oil...

RE:Awesome! 4-29 tests 467 barrels of 35 degree light oil...Based on the current number of shares I'd say they have close to .23/share in cash flow from these 
2 wells. Using 4x cash flow....add in the successful helium well, their cash and infrastructure and
I'd say HELI is a bit undervalued @ .475

Pay close attention to their next drill location. I wouldn't be surprised if they try to be "oily"
one more time.
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