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Bullboard - Stock Discussion Forum First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. (First Helium) is a Canada-based helium exploration and development company with properties in Northern and Southern Alberta. The Company is focused on exploring and developing two helium projects in Alberta, Canada. The Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 60,000 acres. It holds First Helium's helium discovery well and two oil... see more

TSXV:HELI - Post Discussion

First Helium Inc > Future Potential of First Helium
View:
Post by Shaawn359 on Mar 23, 2022 12:59pm

Future Potential of First Helium

Well now that we know that they will more then double their current volume of oil production in May, I think it's fair to say that there is no longer much risk involved in the company.

Some points people may have missed is that they also have 2 suspended wells will helium that they bought back in November, along with 40km of natural gas pipeline assets. That is on top of the one well that has 1.3% economic helium and now 2 oil wells that will be pumping roughly 900 barrels per day come early/late May.

I don't know when they will start locking in contracts for their new well but I imagine it could happen now since they probably have extra barrels on their first oil well to use.

not to mention they do have 2D and 3D seismic of the area. 

Future looks bright indeed. Why people are penny flipping this company today I have no idea. There are lots of other companies to penny flip. This isn't one of them.

Comment by SteveQ on Mar 23, 2022 1:37pm
I'm with you on most of everything you said , great potential, great assets , shouldn't flip it , everything but the 900 barrels a day.   It's what , 465 bbls ish @33% water.   So that gives about 310 barrels for this well and they gotta pay to get rid of the water.   Maybe I'm wrong , but that's the way I see it.   please educate me if I'm wrong , I ...more  
Comment by crude on Mar 23, 2022 2:09pm
up higher in the US - shorts in Canada --   our govt protecting us again !!!!
Comment by forwardflash on Mar 23, 2022 2:59pm
Production tested at 467 barrels per day of ~35-degree API light oil, flowed over a period of 48 hours, representing an oil component of 67%, and a water component of 33%
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