First Helium Inc V.HELI

Comark increases price target of First Helium from 65c to $2

[Shaawn359]

Comark increases price target of First Helium from 65c to $2 on March 25th, 2022

https://cormark.bluematrix.com/sellside/EmailDocViewer?encrypt=8a021141-c0fa-43d5-a43d-a6b685c96efd&&mime=pdf&&co=rblt&&&source=mail&id=[e-mail]

[jrk8888]

at current oil prices Cormark suggests that the 2 oil wells will produce close to $20 million a year in cash flow.  Nice report. Shows how much this is still undervalued even using fully diluted shares.

[Shaawn359]

To me the revenue generated by the warrants being exercised is going to be used to build(or help fund) the processing facility for the gas. It might be online even earlier then anticipated...  Just my opinion though... 

[uograd]

unlikely the well will be on early.  I suspect there are pretty serious access issues to that well that will require the ground to be frozen next fall before serious work will begin. the two oil wells seem to have good rood access and although there will likely be road allowance weight issues for the next few weeks half loads of oil at 100 bucks plus is still a beautiful thing. For those

[HeliumToTheMoon]

Both wells are on the same pad, so a lot of the infrastructure needed to bring the second well online is existing. 

[uograd]

hi heilum to the moon, I was talking about the infrastructure and timing on the helium well which from my understanding is on a different pad.  It may need some cold weather to get all the equipment in if they want to have it online in janaury 2023 as that seems a lifetime away As for the second oil well, would not surprise me if it is already producing or will be very soon.  It was

[uograd]

just went through some old press releaeses.  Helium well is about 3km away from the oil wells so there can be a whack of muskeg between the two. with respect to the value of the helium well because it will produce gas that they will also sell it likely has a higher vaule then orignally thought in sproule report as price of natural gas has jumped pretty good since the original report was done