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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 Charts1on Dec 20, 2022 11:52am
146 Views
Post# 35182304

HELI.V NOW FOR ITS HELIUM PLAY

HELI.V NOW FOR ITS HELIUM PLAYDuring the year, the Company accelerated the timeline for the potential funding and installation of a single well helium processing facility for its 15-25 well to take advantage of the current global helium price environment. Recent helium sales prices have been publicly disclosed in the $600 per mcf range. Management estimates that its Sproule Contingent Resource Unrisked "Best Estimate" NPV 10% of $15.2 million1,4 for 15-25, which was evaluated at a base case helium price of $340 per mcf, would improve substantially to NPV 10% of over $30 million at such pricing levels. Discussions are ongoing with potential offtake partners and the Company is targeting H2 – 2023 for the 15-25 helium well on-stream timing.
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