Bullboard - Stock Discussion Forum First Helium Inc V.HELI

Alternate Symbol(s): FHELF

Energy Oil & Gas E&P

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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TSXV:HELI - Post Discussion

First Helium Inc > “Advance the process” of securing helium gas of-take sales?

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Post by AboveBoard on Aug 24, 2022 12:19pm

“Advance the process” of securing helium gas of-take sales?

As previously disclosed, First Helium has completed the FEED study of a larger scale helium processing facility which can be applied to meet the immediate timing requirements of its 15-25 single well helium processing facility at Worsley. This facility design allows for expansion, on a modular basis, to accept additional raw gas volumes. The Company continues to advance the process of securing helium gas off-take sales arrangements to help support the financing, fabrication, installation and commissioning of a single well helium gas processing facility for 15-25, which is planned to commence later this year. Depending on the outcome of this process, the Company may elect to expand the size of the modular processing facility and accelerate the completion of the 14-23 well accordingly.

what IS the status of the off take sales? Is/are there actual agreements?

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