Post by
Riskwealth on Nov 08, 2023 9:37am
First Helium's 15-25 well
Based on an example from publicly available industry data, a single gas pool, the Leduc D3-D Pool, approximately 25 km west of First Helium's 15-25 well, produced 46 billion cubic feet ("Bcf") of natural gas with approximately 1.0% helium content, over a period of roughly 12 years. Management estimates that the value of the helium produced from this single pool would be approximately $US 230 million at a price of $US 500 per thousand cubic feet ("mcf") of helium