First Helium Inc V.HELI

Alternate Symbol(s): FHELF

Energy Oil & Gas E&P

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.

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First Helium Inc > HELI announces an impressive balance sheet update

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Post by biggonadson Mar 29, 2022 12:45pm

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Post# 34555821

HELI announces an impressive balance sheet update

First Helium has just released an impressive balance sheet update that articulates predictable cash flow from oil revenues and its warrant exercise - from the release they’ve brought in $3.2M in March with $1.25M coming from oil. This oil revenue is from well 1-30 and just last week the discovery of well 4-29 is testing an even higher flow rate than 1-30. With increasing oil prices, the revenue generated from these 2 wells is what I’d call a cash cow. Cormak has also recently upgraded their price target to $2. https://www.youtube.com/watch?v=POlGnpi9-O0&ab_channel=RICHTVLIVE

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