First Helium (TSXV: HELI) is tearing up the charts again after the company announced the 4-29 well on its Worsley property has successfully produced 467 barrels per day upon completion. $HELI.v is preparing to bring the 4-29 well into production in early Q2 this year.
$HELI.v shares have jumped 36% following this announcement, and are showing no signs of slowing down.
When the company brought the 1-30 well into production early this year at a rate of 400 barrels per day, shares began a meteoric rise, climbing over 200%. This discovery at the 4-29 well should send shares on a similar trajectory into some serious gains.
$HELI.v is currently trading at $.65 and is valued at $43.8M.
https://ceo.ca/@newswire/first-helium-announces-4-29-light-oil-discovery-at