🇨🇦 Canadian Helium Exploration 📈 We explore for #helium, seeking to capture and produce it, to help meet demand in the North American market. $HELI$FHELF
We're proceeding to secure key equipment vendors & other service providers in preparation for the construction of our processing facility, targeted to commence early 2024! Expected on-stream timing is 9-12 months of project commencement. 🔗 firsthelium.com/news/2023.ht…#heliumstocks
"We are pleased with the performance of our second discovery well, the 4-29. Given current commodity pricing of approximately WTI US$85 to US$90 per barrel, & our estimated field netbacks of CA$82 to CA$88 per barrel, we expect the well to pay out in approximately 4-6 months."
Today we are pleased to announce our first month’s average daily production of approximately 430 barrels per day of light #oil from the successful 1-30 discovery well located on our 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, #Canada. $HELI$HELI.V#News
"Based on the current implied production trading multiples for #Canadian light #oil producers, this well represents a significant potential increase in asset value for #FirstHelium shareholders." - Ed Bereznicki
$HELI$FHELF
“With attractive near to mid-term #helium & #naturalgas pricing indications, we are focusing our efforts on adding additional helium volumes to our successful 15-25 helium discovery well and plan to begin producing as soon as possible.” $HELI$HELI.V$FHELF
We’re committed to raising #environmental standards for #oil and #helium production and will continue to lead the way by exceeding government regulations, in a nation that has some of the highest global standards. #canadianresources$HELI$HELI.V
If you’ve been following us for a few months, you probably know about the incredible milestones we’ve been hitting. Supported, in part, by cash flow generated by the 1-30 well with a goal to materially grow shareholder value - $HELI$HELI.V has aggressive plans for 2022 #stocktip
In addition to $1.85 M in warrant proceeds, #FirstHelium received proceeds of approx. $1.68 M from the exercise of 3,370,259 warrants with a strike price of $0.50 & approx. $184,000 from recent exercise of 526,683 broker & bonus warrants with strike price of $0.35 $HELI$FHELF
$HELI$HELI.V$FHELF prospective wells will target potential natural gas accumulations which are expected to contain commercial quantities of helium gas along with natural gas. The wells will be funded from cash on hand, accumulated from the Company's oil production operations.
$HELI CEO Ed Bereznicki discusses the current #helium market, whether it can support additional supply, what additional use cases present opportunities for the industry, & more on @TheDeepDiveFeed ▶️ ▶️ piped.video/watch?v=R8wPBDFf…
Our team is very excited to announce a significant positive change to the $HELI$HELI.V balance sheet based on ongoing payments from light #oil production and cash proceeds from the exercise of previously issued warrants. #helium#investornews
➡️ newswire.ca/news-releases/fi…
$HELI$HELI.V$FHELF prospective wells will target potential natural gas accumulations which are expected to contain commercial quantities of helium gas along with natural gas. The wells will be funded from cash on hand, accumulated from the Company's oil production operations.
We expect to continue operating the 4-29 well with a goal of optimizing oil production levels, managing total fluid volumes handled, and benefit from lower government royalty payments until such time as it returns the capital cost of drilling & completion. $HELI$HELI.V$FHELF
Independently evaluated in accordance w. NI 51-101 guidelines $HELI$FHELF reserve report indicated Total Proved plus Probable (2P) gross reserves of 505,100 barrels of light oil w. corresponding NPV 10% of $24.6 million1,2, for our Worsley oil property.
📖iqstock.news/n/helium-adds-5…
#Canada has one of the cleanest energy industries in the world, and it’s also the planet’s 5th largest source of #helium. That’s why we do what we do! FirstHelium.com
The monthly #cashflow from the 1-30 & 4-29 wells continue to strengthen our balance sheet and will help provide the necessary funds for planned #helium exploration activities at our Worsley Property and Southern Alberta Helium Fairway exploration land. $HELI#HELI.V $FHELF
We try to be as #environmentallyconscious as possible at $HELI$HELI.V. We’re committed to leading the way in environmental & operational excellence in the nascent Canadian helium exploration & development sector – striving to surpass government regulations.
#canadianresources
$HELI$HELI.V continues to strengthen its position to become a leading North American helium producer, leveraging a de-risked strategy to achieve near-term cash flow.
Follow us to learn more, and visit our website firsthelium.com
First Helium's 79,000 acres along the Worsley Trend is highly prospective for both #helium & #naturalgas, with historical exploration & development drilling on the trend encountering rich helium concentrations ranging from 0.5%-1.9% in a number of formations. $HELI$HELI.V$FHELF
As a #resource development company, $HELI#HELI.V $FHELF is committed to upholding the highest standards of environmental responsibility we can. We conduct business in accordance with Provincial & Federal law. Canada has some of the highest #environmental standards in the world!
$HELI.V$FHELF evaluates #geological#seismic & other #engineering data with info from our recent exploration successes to select well locations. With 79,000 acres along the Worsley Trend we encountered rich helium concentrations ranging from 0.5-1.9% in a number of formations.
Over 930 km2 of 3D seismic data & 530 km of 2D seismic data throughout $HELI$HELI.V#FairwayLands resulted in 276,000 acres secured with immediate drill locations identified and underway.
Why does this matter? Visit firsthelium.com to learn more.
#HappyNewYear💥 $HELI$HELI.V$FHELF 2023 priorities include accelerating single well helium gas processing facility fabrication & installation at 15-25, evaluating newly acquired lands at Worsley including seismic data acquisition program, confirming next drill targets and more!
#Helium is an essential element in modern applications b/c of its low boiling point & density high thermal conductivity & inertness. ✅
With a lack of substitutes, we’re committed to helping meet North American demand ➡️ $HELI$HELI.V$FHELF
Why do we explore for #helium and seek to capture and produce it, helping meet demand in the North American market?
This is why. FirstHelium.com$HELI$HELI.V$FHELF
As a #nonrenewableresource, the exploration, development and production of helium is critical for industries including medicine and technology. When it’s produced in Canada, it’s also held to the highest global standards. #TSXV$HELI$HELI.V$FHELF
$HELI$HELI.V 1-30 well, was brought on-stream on January 23, 2022, & we’ve already received revenues of approx $280k for January oil production deliveries & anticipate approx $1.2M in late March for February’s oil production. yhoo.it/3IK8cie#resourceinvesting#helium
What makes #Helium so valuable? It is #nonreactive, lighter-than-air, #nontoxic, and #superconductive in its liquid form, at -272 degrees celsius which offers unique applications with very few substitutes.
Over the next month #FirstHelium$HELI anticipates completing the construction & commissioning of an #oilbattery at 1-30, including the installation of multiple storage tanks to mitigate seasonal weather impacts, reduce downtime & allow tank treating to minimize operating cost.
Pleased to announce $HELI$HELI.V$FHELF brought the 4-29 light oil well into production on April 8th, 2022. During the month, we produced the well at an average daily rate of 144 barrels per day of 36 degree light oil, with an average oil cut of 50%.
➡️ firsthelium.com/4-29-well-br…
$HELI$HELI.V 1-30 Battery picking up #oil for delivery to terminal! Any successful outcomes from testing targets like 4-29 & 1-30 should benefit our shareholders as our team executes on the vision to become a leading independent provider of #helium#gas in North America #Invest
$HELI$FHELF was founded to capitalize on the untapped potential of significant helium resources in Western #Canada and is well-positioned to be a North American leader in response to the shifting supply dynamics of the global #helium marketplace.
➡️ FirstHelium.com
One of the companies I’ve been keeping my eye on is $HELI.v$FHELF (up 1.9% today) who recently announced a drilling plan of two prospective helium targets at their 79,000 acre Worsley Project in late Q2.
$HELI$HELI.V#Helium has everyday applications in the technology and medical industries, as well as space travel and national security, among others. In fact, the smartphone and wifi you’re using to read this probably uses helium. #stockstowatch
That’s a lot of #helium!
As a #nonrenewableresource, the exploration, development and production of helium is critical for industries including medicine and technology.
When it’s produced in Canada, it’s also held to the highest global standards. #TSXV$HELI
Additionally, our two-well battery returned to routine operation with daily production volumes averaging approx 520 bbl/d of light oil over the past 5 days. We've taken remedial steps to help mitigate future production down-time associated with limited road access to the battery.
$HELI$FHELF$HELI.V#Helium#News 🗞 Targeting multiple helium-bearing formations, successful drilling of the 14-23 well will potentially add incremental contingent resource volumes to those of the successful 15-25 helium discovery well.
➡️ firsthelium.com/first-helium…
Upon completion of well operations, the 4-29 well flowed 467 barrels per day of ~35 -degree API #lightoil representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown. $HELI$HELI.V is preparing to bring the 4-29 well into production in early Q2 2022.
$HELI.V$FHELF 14-23 location has been selected based on extensive geological mapping integrated with all available seismic data & targets multiple #helium-bearing formations to present significant growth potential & underlying asset value to shareholders. newswire.ca/news-releases/fi…
#Helium is a critical, finite resource. It’s relatively uncommon on Earth, being locked deep underground, despite being the second most prevalent element in the universe. $HELI$HELI.V
Use a cellphone? Stream movies? Ever had an MRI? Then you've used helium!
📈 $HELI$HELI.V$FHELF explores for helium, seeking to capture & produce it.
🇨🇦We're proudly Canadian & working to help meet demand in the North American market. #stockstowatchfirsthelium.com
#Helium is a finite resource with a broad scope of applications thanks to its stability & inert high heat transfer properties. Cooling magnets (like in an MRI machine), cooling servers (like in big tech), a shielding gas for welding, and more! #heliumgas#heliumresource$HELI.V
With half the world’s #helium supply coming from the United States, and the rest being sourced from the Middle East, Russia, and North Africa, First Helium is proud to be a part of helium exploration, innovation and development in #Canada. $HELI$FHELF#ResourceInvesting
"First Helium intends to produce and market any potential associated surplus hydrocarbon volumes included in future discovery wells to capitalize on the current strong outlook for natural gas and liquids pricing, and maximize cash flow in support of further growth.”
$HELI is a #resourceinvestment with the potential to help save lives. The average MRI scan uses 1700 liters of helium. For reference, that’s about 56100oz, compared to 0.1oz a balloon uses. That’s a lot of #helium!
First Helium’s 79,000 acres along the Worsley Trend is highly prospective for both helium & natural gas. Historical exploration & development drilling on the trend has encountered rich helium concentrations ranging from 0.5% to 1.9% in a number of formations. $HELI$FHELF$HELI.V
Growing demand in the global market means opportunities to invest in #heliumgas exploration become ever more persuasive. $HELI$FHELF is doing it, right here in #Canada.
$HELI is proud to have raised over $12 million in capital to date. Looks like we’re not the only ones excited about #heliumexploration. Explore the opportunities we’re creating. firsthelium.com/investors/
First Helium’s assets in Worsley & Lethbridge are proven helium-rich producing areas! Our geological team has already made discoveries on Worsley and has a long list of targets identified to grow the company into the future. We thank you for #investing and following our progress.
That's why we're dedicated to #exploration and #development of this critical element! Yes, balloons are commonly associated with #helium, but it's also used in MRI machines and many high-tech applications, making it essential to modern life.
Nearly 40 million MRI’s are performed yearly in the U.S., & about 2 million a year in Canada. This is important because MRI machines require helium.
Learn more about the uses of #helium in medical, science, tech, & space fields ➡️ firsthelium.com/faq$heli$heli.v$fhelf