Bullboard - Stock Discussion Forum First Helium Inc V.HELI

Alternate Symbol(s): FHELF

Chemicals Chemicals

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

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First Helium Inc > They need to tighten up their PR's

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Post by forwardflash on May 04, 2022 12:28pm

They need to tighten up their PR's

"the 4-29 well flowed 467 barrels per day (“bbl/d”) of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown." then we are told "an average daily rate of 144 barrels per day " Now maybe the clown I put on ignore understands why I complained about a previous PR. The next PR will be critical for this company.

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Comment by Ebenizer3 on May 04, 2022 1:07pm

so ur saying managment lied? or maybe u also need to know how many sheets of TP they used. every well is different, they might want to shut-in the 1-30 and see what happens. They drilled looking for NG with helium and found oil. dang it. Better luck on the next one. If they hit a bunch of NG and no helium will u be disappointed?

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