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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 uogradon Mar 15, 2023 11:58am
480 Views
Post# 35340017

well ed the gig is up, you should be fired

well ed the gig is up, you should be firedso oil production now less that 100 bopd, more like 75 bopd actually and in fact lower than before you put disposal system in so you might have cut costs but with declne in production of let's call it 40 per cent in last two months who cares..

so let's review things shall we.  you bet the company on the 14-23 well which was a couple milion over budget was never completed, has no reserves assigned to it and is sitting there of no interest to no one.

in less than a year oil productiom has gone from over 500 bopd to less than 100 and water from less than 10 to over 90 per cent.   your reserve report is going to get crushed

you spent 190k on investor relations last quarter on what, no one seems to know

your helium well was drilled in 1999 and the offtake agreement you have been boasting about since august 2021 still hasn't happenened although it is so imminent(two weeks and counting) that webster's is considering changing the definition in their dictionary

but thank god we used our remaining cash to shoot seismic in worsely to identify a few more watered out oil well locations

you and your team should be fired for cause and showed the door.
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