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First Helium to Drill Two Helium Targets at Worsley in Late Q2
First Helium to Drill Two Helium Targets at Worsley in Late Q2 Canada NewsWire ...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium to Drill Two Helium Targets at Worsley in Late Q2\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 Plans to Capitalize on Attractive Outlook for Helium and Natural Gas Pricing\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 17, 2022\n \n \n /CNW/ -\n \n First Helium Inc. (\"First Helium\" or the \"Company\")\n \n (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it plans to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in\n \n Alberta, Canada\n \n . The wells will target potential natural gas accumulations which are expected to contain commercial quantities of helium gas along with natural gas.  Based on associated historic oil & gas drilling and operating data, helium content ranges from 0.5% to 1.9% across the Company's Worsley Property.  The wells will be funded from cash on hand, accumulated from the Company's oil production operations.\n \n \n \n \n \n \n \n \n \n \"We are excited to be returning to the field to drill two select helium targets from our large inventory of potential helium and oil drill prospects identified on the Worsley Property.  Strong cash flow from our successful oil operations will help fund the summer drilling program,\" said\n \n Ed Bereznicki\n \n , President & CEO of First Helium. \"With attractive near to mid-term helium and natural gas 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,\" added Mr. Bereznicki.\n \n \n The Company is finalizing necessary preparations to begin drilling in late June or early July, dependent on satisfactory weather-related field conditions.  As with the Company's 15-25 helium discovery well, which includes associated volumes of natural gas and natural gas liquids, First Helium intends to market associated surplus hydrocarbon volumes, capitalizing on the current robust outlook for natur...