$HELI releasing exciting updates With huge opportunities arising in the helium market, I’m excited that some junior mining companies on my radar are releasing exciting news updates. First Helium has drilled and completed its first exploration well on the Worsley property. The well flowed 419 barrels per day of light oil over a 72-hour test period on minimal drawdown.
The well is expected to be brought into production Q1 2022 at a daily production rate of about 400 barrels per day.
With the upcoming establishment of refining facilities at the Worlsey project, $HELI will be delivering top-quality helium directly to market through its already established offtake agreements.
As production continues to be executed at the Worsley property, I expect we will see some strong financial reports coming from $HELI in the first couple quarters of 2022.
Shares of $HELI.V are currently trading at $.225 and the company is valued at $14.76 million.
https://ceo.ca/@newswire/first-helium-announces-1-30-light-oil-discovery-at