Already looking forward to $HELI's drill results! Glad to hear about First Helium ($HELI $HELI.v) commencing drilling at its first exploratory well on its core Worsley Property.
It is located near $HELI's Discovery Well, which tested to contain 1.3% helium content based on a 10 day flow period at 2M cubic feet per day of raw gas.
- Raw gas stream consisted of approx 65% natural gas which will additionally be produced and sold
- NPV of $15.2M with a 10% discount rate
The drilling of the first new well is a solid step following the success of the Discovery Well and brings $HELI closer to the production and delivery of helium to the market
Plus, $HELi plans to pursue additional drill locations which were discovered following the detailed geological and geophysical evaluation of the property.
$HELI is looking quite promising as these wells have tons of potential and is selling insanely cheap for such a high-value resource where demand consistently outpaces supply.
https://investingnews.com/news/critical-metals-investing/first-helium-commences-drilling-of-first-exploration-well-on-worsley-property/