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Bullboard - Stock Discussion Forum 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... see more

TSXV:HELI - Post Discussion

First Helium Inc > two things we need to know
View:
Post by uograd on May 02, 2022 12:54pm

two things we need to know

is the second well on line and producing?   They said by the end of april so it should have been running for at least 3-4 days by now.  Rate is not all that important as with road bans etc they are likely only trucking half loads or less so it will take awhile to establish a real rate,

Two what rate did the first well produce in april.  Not complicated, number of barrels divided by 30 days.

Once again they may not have shipped it all due to road bans but they will know what they produced and eventually it will all get shipped.
Comment by gemsearcher2 on May 02, 2022 6:37pm
ok... 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 ...more  
Comment by uograd on May 03, 2022 11:43am
yes i kind of bungled what i was trying to say yesterday but any information on flow rates, barrels sold etc is the kind of news we need no news and a beautiful day in calgary so time to hit the sticks and put a few cold ones on ice for the flames playoff opener tonight.
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