Business
First Helium Confirms 3 Drilling Locations Adjacent to its Helium Discovery Well for Fall Program
First Helium Confirms 3 Drilling Locations Adjacent to its Helium Discovery Well for Fall...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium Confirms 3 Drilling Locations Adjacent to its Helium Discovery Well for Fall Program\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 The Company is Completing its Assessment of Undeveloped Worsley Lands\n \n \n \n \n TSXV: HELI\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES\n \n \n OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n CALGARY, AB,\n \n Aug. 18, 2021\n \n /CNW/ -\n \n First Helium Inc. (\"First Helium\" or the \"Company\")\n \n (TSXV: HELI) (FRA: 2MC), a helium exploration and development company with access to significant exploration lands throughout\n \n Alberta\n \n , is pleased to announce that it has completed its assessment of the 8,064 hectares of strategic lands surrounding its discovery well at\n \n Worsley\n \n (the \"\n \n Worsley Well\n \n \") and has identified three offsetting drill locations on its Worsley Property.  Most recently tested in 2018, the Worsley Well flowed at 2mmcf/d of raw gas, over a 10-day period, at a 1.3% helium content.\n \n \n \n \n \n \n \n \n \n Along with the Worsley Property, the Company holds an additional 23,991 hectares of undeveloped land with associated helium rights along the Worsley Trend. Gas analyses from previously drilled wells along the Worsley Trend indicate that over one billion cubic feet of helium has been produced to date, however, as these wells targeted hydrocarbons the helium was not captured for sale. All of the Company's holdings are at a 100% working interest level.\n \n \n \n Worsley Property Progress\n \n \n \n Since its corporate restructuring and recapitalization in the third quarter of 2020, the Company has made significant progress in advancing the development of its Worsley Property, including:\n \n \n \n Acquiring an additional 1,280 hectares of strategic land along the Worsley Trend;\n \n \n Procuring 31 km of 2D and 19.2 km\n \n 2\n \n of 3D trade seismic data;\n \n \n Commissioning and completing a 20.7 km\n \n 2\n \n proprieta...