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First Helium Licenses First Well on Worsley Property to Begin Drilling in Early November
First Helium Licenses First Well on Worsley Property to Begin Drilling in Early November ...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium Licenses First Well on Worsley Property to Begin Drilling in Early November\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 \n \n \n The Well is Located Near the Company's Successful Helium Discovery Well\n \n \n \n \n TSXV: HELI   FRA: 2MC\n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 20, 2021\n \n /CNW/ -\n \n First Helium Inc. (\"First Helium\" or the \"Company\")\n \n (TSXV: HELI) (FRA: 2MC), a helium exploration company with access to significant development opportunities across western\n \n Canada\n \n , is pleased to announce that it has received required licensing from the Alberta Energy Regulator\n \n (\"AER\")\n \n to begin drilling its first exploratory well (\"\n \n First Well\n \n \") on its core Worsley Property. The Company expects to commence its helium-focused drilling operations in early November, 2021.\n \n \n \n \n \n \n \n \n \n \"The receipt of the license from the AER is an exciting milestone for First Helium as it allows us the opportunity to build on the strong results from the Discovery Well,\" said\n \n Ed Bereznicki\n \n , President & CEO of First Helium. \"I would like to thank our team members for their hard work and dedication leading up to this point, as well as our investors and other stakeholders for their support along the way. First Helium has a strong foundation and I look forward to begin producing and delivering helium to market,\" added Mr. Bereznicki.\n \n \n 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 along with the helium gas, sold to market and also used to generate power for facility operations. Assuming the same raw gas flow rate, approximately 22 barrels of associated liquid condensate will also be separated, collected and sold to market.\n \n...