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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 > First Quarter 23
View:
Post by Wheels54 on Feb 23, 2023 6:44pm

First Quarter 23

Will tell the story.

Was the water well worthwhile?

Revs back on track?

Drilling program? Offtakes? 14-23 flow testing?

If the water well returns a marginal increase in oil profits and these guys don't have any offtakes on the hook then what are the being paid for? Because they are definitely being paid.

That's fine when decisions are being made, things are getting done and progression is happening. I'm not saying this team isn't doing this but they sure are stretching this out. Theyve had ample time IMO and perhaps there is a load of news and progression coming but at this point it's a very underwhelming start to the year with still no game changing progression.
Comment by minigoon on Feb 24, 2023 11:41am
 Its fine the company has their own disposal well, since they are using the well to dispose the water and cutting costs, they are still having to truck it as i assume they never went back and flow lined from each well to the actual water disposal well ( that would even cut cost a lot more ). That does mean a lot of trucking. I mentioned a year ago, they better make sure the lease roads to ...more  
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