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Bullboard - Stock Discussion Forum 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... see more

TSXV:HELI - Post Discussion

First Helium Inc > so well 1-30 cashflow to date approx $2.78 million
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Post by uograd on Apr 27, 2022 12:16pm

so well 1-30 cashflow to date approx $2.78 million

had to do  a little detective work but here are the numbers,

december flow test 1200 barrels at 80 bucks or so so let's say 100K

january production 6-8 days because of conflicting press releases but number was $280l

feb production 28 days $1,200,000 low royalty 430 bopd or so

march production 31 days $1,200,000 royalty starting to go higher still 430 bopd which is excellent

Some interesting points is that it flow tested 400 bopd and has produced at 430 bopd so far

second well flow tested at 465bopd so god willing we could see a production number over 500 bopd

oil prices about 20-30 higher than when first well began production

these are real numbers boys and girls and they are a beautiful thing.
Comment by kalman007 on Apr 27, 2022 3:12pm
and all of this is a bonus to their regular helium biz.  it won't be long until this goes over $1+ for good.  Cheap shares will soon be gone.  truly a diamond in the rough
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