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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 > well ed the gig is up, you should be fired
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Post by uograd on Mar 15, 2023 11:58am

well ed the gig is up, you should be fired

so oil production now less that 100 bopd, more like 75 bopd actually and in fact lower than before you put disposal system in so you might have cut costs but with declne in production of let's call it 40 per cent in last two months who cares..

so let's review things shall we.  you bet the company on the 14-23 well which was a couple milion over budget was never completed, has no reserves assigned to it and is sitting there of no interest to no one.

in less than a year oil productiom has gone from over 500 bopd to less than 100 and water from less than 10 to over 90 per cent.   your reserve report is going to get crushed

you spent 190k on investor relations last quarter on what, no one seems to know

your helium well was drilled in 1999 and the offtake agreement you have been boasting about since august 2021 still hasn't happenened although it is so imminent(two weeks and counting) that webster's is considering changing the definition in their dictionary

but thank god we used our remaining cash to shoot seismic in worsely to identify a few more watered out oil well locations

you and your team should be fired for cause and showed the door.
Comment by Wheels54 on Mar 15, 2023 6:18pm
Definitely hasn't earned the 170k he's making a year. That's just calling a spade a spade. Oil production will be profitable but yeah a far cry from what it was out of the gates. 14-23, well we better just hope that when it's tested they find what they think was there. Very good chance it does have helium with my knowledge. The big one, the thing that could make that 170k salary ...more  
Comment by kalman007 on Mar 17, 2023 5:42am
I couldn't agree more!  Ed has had his chance.  I've watched the interviews and gotta say he does NOT inspire confidence whatsover.  If this is a real company, then he should step down and let someone more qualified drive the bus.  But there's a good chance he's nothing but another commodity scam artist and his success to date was screwing us unsuspecting and ...more  
Comment by minigoon on Mar 17, 2023 11:02am
Some kind of good news has to show up yet. Just my thought, from the other side of Kalamalka lake 
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