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First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. is a Canada-based independent provider of helium gas in North America. The Company is exploring and developing a premier helium project in Alberta, Canada. The Company's Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 53,000 acres with multi-commodity exposure to helium, as well as oil, natural gas liquids (NGLs) and natural gas. Its targets are located on trend and adjacent to past producing helium-enriched natural gas pools and light oil wells.


TSXV:HELI - Post by User

Post by waves1on Nov 09, 2021 4:01pm
128 Views
Post# 34106589

Already looking forward to $HELI's drill results!

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/ 
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