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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 Sep 04, 2023 12:48pm
127 Views
Post# 35618832

predictions for the fall

predictions for the fallso what are they going to do with the 1.35 millon?  Well they will continue to piff a lot of it away on investor relatiions and g and a but i suspect they will go in and frac and test that second well that put us so far behind the eight ball in the first place

noone is going to be convinced to put infrastructure in place based on one well drillled in 1999 but if they go in and frac the second well and it tests a huge amount of gas and helium that might get someone to take a flyer on the infrastructure

this would be a tiny frac probably less that 250k and being that the frac crews are in shoulder season and have rigs available and this is a summer access site that is my bet

time will tell but they must have a plan for that dough or over time it will just disintegrate as they are bigtime cashflow negative at the moment.
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