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First Helium Commences Drilling of First Exploration Well on Worsley Property
First Helium Commences Drilling of First Exploration Well on Worsley Property C...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium Commences Drilling of First Exploration Well on Worsley Property\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Exploration Well is Located Near the Company's Successful Helium Discovery Well\n \n \n \n \n \n \n \n \n \n \n \n \n TSXV: HELI   FRA: 2MC\n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 8, 2021\n \n /CNW/ –\n \n First Helium Inc. (\"First Helium\" or the \"Company\")\n \n (TSXV: HELI) (FRA: 2MC)\n \n ,\n \n a helium exploration company with access to significant development opportunities across western\n \n Canada\n \n , is pleased to announce that it has commenced drilling its first exploratory well (\"\n \n First Well\n \n \") on its core Worsley Property. The First Well is located near the Company's discovery well (\"\n \n Discovery Well\n \n \"), which was previously tested to contain 1.3% helium content based on a 10-day flow period at 2 million cubic feet per day of raw gas. The raw gas stream is comprised of approximately 65% natural gas which will be produced with the helium gas, sold to market and also used to generate power for facility operations.  Assuming this raw gas flow rate, approximately 22 barrels per day of associated condensate will also be separated, collected and sold.\n \n \n \"We are pleased to start drilling our first new well on the Worsley Property. It is the next step in building on the success of First Helium's Discovery Well in order to begin producing and delivering helium to market,\" said\n \n Ed Bereznicki\n \n , President & CEO of First Helium.  \"In addition, our detailed geological and geophysical evaluation of First Helium's lands in the vicinity of the Discovery Well, the First Well, and on the broader Worsley Trend, has yielded a number of additional drill locations. We will incorporate the results from the drilling and testing of the First Well to strategically pursue these, and potentially new drill locations,\" added Mr. Bereznicki.\n \n \n As at\n \n March 31st, 2021\n \n , Sproule As...