Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 forwardflashon May 04, 2022 1:23pm
161 Views
Post# 34655561

My thoughts after digesting the PR.

My thoughts after digesting the PR.First Helium, March 23 PR- "the 4-29 well flowed 467 barrels per day (“bbl/d”) of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown." Latest production numbers May 4th PR- the 4-29 produced 144 barrels per day "  Not good but not a disaster, they continue to work on optimizing production.  In the past their property produced 80% Ng with commercial helium.  Ng has gone up about 400 percent since they acquired the prospect.  Their Ng/He discovery well tested 67% gases, with 22 barrels condensate and 1.3% He.  They also have 4 abandoned wells from a previous operator, with rising Ng and He prices since their drilling some or all may be commercial today, they also have a lot of infrastructure. The light oil discovery was a pleasant surprise, but Ng with He is what this company is about.  However because of spring breakup no news of significance can happen until late June. I'm holding what I have and may add a bit or sell a bit depending on Share price.
<< Previous
Bullboard Posts
Next >>