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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

Comment by gemsearcher2on May 02, 2022 6:37pm
136 Views
Post# 34649392

RE:two things we need to know

RE:two things we need to knowok... but fwiw the rate is not determined by what they truck out to sales.. it is measured at the wellsite and makes no difference if it is put into storage tanks or a pipeline..So in that regard knowing the production rate would be nice to know for this new well.
So yes... the amount they get paid for is measured off at the sales point but the actual production rate is measured at the wellsite in either bbls/day or m3/day and moved into onsite storage in this case.

I agree,,, it will be interesting to learn of the production rate of the 1-30 well and how it is holding up!  I was quite surprised that it was holding as strong as it was all thru march @430 bpd ,,that was great news!
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