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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 12groundpounderon Jun 16, 2022 9:19am
202 Views
Post# 34760809

9mill + 17 mill c/f yr =26 mill cash

9mill + 17 mill c/f yr =26 mill cash 1 17 million cash flow times four equals equal 68 million for the company. When you add 17 million cash flow that you're in for the year that equals 85 million in value that investor should be paying for this company. When we add The drilling of three wells say natural gas helium and add 300 barrels a day oil equivalent the cash flow rises to 30 million especially since we have 1 200 bpd  natural gas well already behind the pipe. At 1200 barrels per day oil equivalent production we could be earning up to 34 million. Stripping on one percent helium from three wells would it add another 12 million cash flow. Per year for up to 42 million cash flow per year. This gives a one year price target 168 million for the value of the company at four times cash flow. No other helium company Gets all their wells drilled for free financed by the oil and natural gas wells and condensate. What an advantage. Can you imagine the cash flow when we drilled 10 wells Per year. They can finance the building of a helium plant from manufactures. A lot of helium wells with half a percent helium at $400 per MCF For unrefined helium or $2400 US equivilent earn up to 3 million per year. At one percent helium you can earn up to $9 million per year Per well . If we get helium in the next two wells with one percent helium or even half a percent we will build a plant .At 168 million we would be over $2.50 per share. And we would be expensive.
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