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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 Riskwealthon Nov 08, 2023 9:37am
312 Views
Post# 35723342

First Helium's 15-25 well

First Helium's 15-25 wellBased on an example from publicly available industry data, a single gas pool, the Leduc D3-D Pool, approximately 25 km west of First Helium's 15-25 well, produced 46 billion cubic feet ("Bcf") of natural gas with approximately 1.0% helium content, over a period of roughly 12 years. Management estimates that the value of the helium produced from this single pool would be approximately $US 230 million at a price of $US 500 per thousand cubic feet ("mcf") of helium
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