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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 gemsearcher2on May 02, 2022 6:37pm
125 Views
Post# 34649392

RE:two things we need to know

RE:two things we need to knowok... but fwiw the rate is not determined by what they truck out to sales.. it is measured at the wellsite and makes no difference if it is put into storage tanks or a pipeline..So in that regard knowing the production rate would be nice to know for this new well.
So yes... the amount they get paid for is measured off at the sales point but the actual production rate is measured at the wellsite in either bbls/day or m3/day and moved into onsite storage in this case.

I agree,,, it will be interesting to learn of the production rate of the 1-30 well and how it is holding up!  I was quite surprised that it was holding as strong as it was all thru march @430 bpd ,,that was great news!
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