First Helium Inc V.HELI

Whats the story here?

[morrisminiman]

Is this a helium exploration company that accidentally hit one light oil well while it was searching for helium? I had it on my radar for the past few months but can't remember why? Please explain what is going to move this stock in the near term.

[SteveQ]

They don't need much to move the price higher.   Any bit of oil in the next well is gonna drive the cash flow higher.  The next well should be done soon I assume ( it doesn't take forever to drill and complete a small vertical well ) I work in oil and gas , I know a bit about that.     Right now , they are pulling 400 barrels a day x 100$  = 40k a day.   It&

[mjh9413]

the first well took 30 daysso expect news next week seems reasonable eom

[SteveQ]

But yes Morris, that's the one.   Discovered oil looking for helium.  

[forwardflash]

Twnety percent of the wells in Worrsley trend are oil, so not a complete surprise"The Company successfully re-tested 15-25 at 1.3% helium content, including a comprehensive gas analysis to refine the design of its Processing Facility."  What I can't find from their PR's is if there is commercial Ng also found with the helium.  

[forwardflash]

To be clear I'm talking first about the 1-30 oil well, follwed by the the 15-25 helium well.

[forwardflash]

Building on its successful 15-25 " Found this, but it doesn't say if the well is profitable. "discovery well, which has repeatedly production tested at over 1.3% of helium content and 65% natural gas content, and its 1-30 success, First Helium is working to develop its land base of over 79,000 acres along the highly prospective Worsley helium trend, and 276,000 acres of

[crude]

They are in a zone noted for light oil , they will be finding oil in a lot of these wells, increasing daily rates will continue !  This is a total no brainer, make money while you sleep!!! Does anyone know of a PP ,as they have funds to operate, why do  a placement ( if there is one i would like to know ? ) there seems to be weird movment in SP (selling into bids }

[SteveQ]

I don't know of any private placement , but since the directors of the company are in at ground level , I don't think it would make any sense to dilute the shares right now , they can just keep drilling a well every two months with their own cash and grow from there.    The start that this company is having is unreal.  I'm sure the bosses knows how much potential this