$HELI.v prepares for 2 new helium wells at Worsley. Since rebounding from a dip in May, First Helium (TSXV: HELI) shares have begun to trend bullishly, and are currently up 20% from recent lows.
First Helium is preparing to drill two new helium targets at its Worsley Project before the end of this quarter. The new wells are targeting potential natural gas accumulations which are expected to contain commercial quantities of helium gas, along with natural gas.
Drilling is fully funded from cash on hand, accumulated from the company's current oil production operations at Worsley.
With $HELI.v share prices on a rebound, updates regarding the two new wells will be big catalysts to watch for. Following the success of the company’s inaugural well at Worsley, share price shot up nearly 300%.
$HELI.v is currently trading at $.57, presently valued at CAD $41.37 million.
https://ceo.ca/@newswire/first-helium-to-drill-two-helium-targets-at-worsley