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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 Charts1on Dec 20, 2022 11:52am
119 Views
Post# 35182304

HELI.V NOW FOR ITS HELIUM PLAY

HELI.V NOW FOR ITS HELIUM PLAYDuring the year, the Company accelerated the timeline for the potential funding and installation of a single well helium processing facility for its 15-25 well to take advantage of the current global helium price environment. Recent helium sales prices have been publicly disclosed in the $600 per mcf range. Management estimates that its Sproule Contingent Resource Unrisked "Best Estimate" NPV 10% of $15.2 million1,4 for 15-25, which was evaluated at a base case helium price of $340 per mcf, would improve substantially to NPV 10% of over $30 million at such pricing levels. Discussions are ongoing with potential offtake partners and the Company is targeting H2 – 2023 for the 15-25 helium well on-stream timing.
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