First Helium Inc.

Follow Up to Successful 1-30 Discovery Well TSXV: HELI FRA: 2MC First Helium Inc. , today announced the commencement of drilling its second exploration well, the "4-29" target, which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. Targeting multiple helium gas horizons and potential light oil accumulations, drilling of the 4-29 well is a follow-up to the successful [...]

First Helium Inc. announced that the "1-30" light oil well commenced production on January 23rd and has delivered an average production rate of 435 barrels per day over its first eight days of operation. The 1-30 is located on First Helium's 100-per-cent-owned, 79,000-acre Worsley landholdings in Northern Alberta, Canada. "Cash flow from the 1-30 well will be deployed to accelerate the exploration and development of [...]

First Helium Inc. today announced that it has received its license from the Alberta Energy Regulator to drill its second exploration well, the "4-29", which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta. The Company expects to begin drilling operations in mid-February, 2022. "Identified by a comprehensive 3D seismic study, the "4-29" well location at Worsley will be drilled [...]

First Helium Inc. today provided a summary highlighting the Company's achievements during the past year and planned initiatives for the next 12 months. "In 2021, First Helium achieved a number of significant milestones which have substantially increased the Company's underlying value and positioned us to become a leader in Canadian helium exploration and development," said Ed Bereznicki, President & Chief Executive [...]

First Helium Inc. today announced that it has delivered for sale over 1,100 barrels of light crude oil, realizing over $90,000 in sales revenue for the Company. "In December, First Helium delivered approximately 1,100 barrels of light oil, produced during flow-testing of its 1-30 discovery well. The sale of that oil signifies the first revenue and a significant milestone for the Company as it continues with its [...]

First Helium Inc. today announced that it has closed a transaction to acquire an aggregate of six kilometers of strategic natural gas gathering pipeline assets at Worsley. Consideration for the Acquisition was the assumption of future abandonment and reclamation liabilities of four wells. The Acquisition is subject to normal regulatory approvals. "Closing of the Acquisition accelerates the commercial development of our [...]

First Helium Inc. today announced that it has drilled, completed and tested the Company's first exploration well on the Company's Worsley Property. Upon completion, the 1-30 flowed 419 barrels per day of 35-degree API light oil from the Leduc Formation over a test period of 72 hours on a minimal drawdown. First Helium is preparing to bring the 1-30 into production in early Q1 2022 at a daily production rate of [...]

First Helium Inc. is pleased to announce that the Company's technical team has completed its evaluation of approximately 880,000 acres of prospective helium lands in Southern Alberta and elected to continue over 276,000 acres of land, which includes over 176,000 acres of corresponding 3D seismic and 512 kilometres of 2D seismic, for a further period of two years. The Company is exercising its option pursuant to a seismic [...]

First Helium Inc. is pleased to announce that it has closed on two separate transactions with private, third-party companies to acquire an aggregate of 40 kilometers of natural gas gathering pipeline assets. The Acquisition was made for total consideration of $25,000 in cash and the assumption of future abandonment and reclamation liabilities of up to $200,000. It is subject to normal regulatory approvals. The Acquisition [...]

First Helium Inc. is pleased to announce that Ed Bereznicki, President & CEO, and certain other senior representatives of the Company will be attending the 121 Mining Investment Conference in London, England from November 17-18, 2021. The 121 Conference is a long-standing and premier forum for companies to make new connections and for investors looking for exciting new opportunities. Mr. Bereznicki's presentation may [...]