Future Potential of First Helium Well now that we know that they will more then double their current volume of oil production in May, I think it's fair to say that there is no longer much risk involved in the company.
Some points people may have missed is that they also have 2 suspended wells will helium that they bought back in November, along with 40km of natural gas pipeline assets. That is on top of the one well that has 1.3% economic helium and now 2 oil wells that will be pumping roughly 900 barrels per day come early/late May.
I don't know when they will start locking in contracts for their new well but I imagine it could happen now since they probably have extra barrels on their first oil well to use.
not to mention they do have 2D and 3D seismic of the area.
Future looks bright indeed. Why people are penny flipping this company today I have no idea. There are lots of other companies to penny flip. This isn't one of them.