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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

Post by Wheels54on Aug 02, 2022 10:41am
150 Views
Post# 34865603

Great reserves and only going to add more

Great reserves and only going to add moreNice update on their oil reserves. Impressive that this doesn't take into account the 15-25. Another 1.2 million in income for June with the 14-23 most likely beginning to wrap up and potentially another well to begin very soon thereafter. Also plan to start drilling on their huge southern Alberta land later in the year. With all the survey and seismic done these guys are navigating with a very detailed road map. Early success is beginning to snowball and it's becoming ever more apparent that there is massive upside here. Operating a business at it's core is money in/money out. These guys understand that and are methodically self funding themselves. At this rate it's not unreasonable to project that in 3-5 years time they could have 20-30 wells producing a combination of Helium, NG, and light oil. Again I keep trying to see flaws in what this company is doing but I can't come to any conclusion other than that they are doing exactly what they need to do to be successful. GLTA
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