Post by
culturedpiggy01 on Jan 31, 2022 1:35pm
$HELI.v receives license to drill second well at Worsley
$HELI.v recently announced that they’re going ahead with drilling their second exploration well, the "4-29". It is located on their 100% owned Worsley landholdings in Northern Alberta, Canada.
On the news, Ed Bereznicki, President & CEO of First Helium, was quoted saying, "Identified by a comprehensive 3D seismic study, the "4-29" well location at Worsley will be drilled as a follow up to our successful 1-30 well, targeting multiple helium gas horizons and potential oil accumulations."
td, $HELI.v trading at $0.315 with market cap at $20.67 M
Comment by
jrk8888 on Feb 01, 2022 1:33am
It looks like they may be trying to be "oily" with this drill target...probably should know in about 6 weeks.
Comment by
ExWEIMan2 on Feb 01, 2022 7:55am
The oily the better—with condensate at $120 per barrel and oil heading to $100 per barrel they will have an excellent cash stream to help fund the search for He.