First Helium Inc. today announced that it has completed drilling its 7-15 exploration well at its Worsley Property in Northern Alberta. The 7-15 well has been cased for completion and testing. The Company is now proceeding with a plan to complete and test both the 7-30 and 7-15 wells. "We are pleased to have completed drilling our 7-15 well which was delivered on time and within budget, despite drilling during challenging [...]
First Helium Inc. today announced that it has begun drilling its high impact Leduc anomaly, the 7-15 well, at its Worsley Property in Northern Alberta. The location was identified on proprietary 3D seismic data interpreted last spring. In addition to the primary Leduc formation target, the Company will be evaluating multiple uphole zones for oil, natural gas and helium. These zones have been previously identified on First [...]
First Helium Inc. today announced that it has completed drilling its proven undeveloped 7-30 oil location at its Worsley Property in Northern Alberta1,2. The 7-30 well has now been cased for completion and testing. In addition to the targeted Leduc formation, the Company encountered multiple uphole, shallower zones with prospectivity for oil, natural gas and helium. These zones have been previously recognized and mapped [...]
First Helium Inc. today announced that it has begun drilling its proven undeveloped 7-30 oil location at its Worsley Property in Northern Alberta1,2. Following drilling of the 7-30 vertical well, the contractor's drilling rig will move directly to the 7-15 location to begin drilling in early February, barring any unforeseen delays. The Company will continue to provide regular updates on ongoing field activities. "We are [...]
First Helium Inc. today announced that it has engaged the services of a drilling contractor to drill its 7-15 high- impact exploration location, along with its proven undeveloped 7-30 oil location1,2. The contractor's drilling rig is currently working for another operator in the region. The Company expects the Rig to arrive at the 7-30 location and begin drilling within two weeks, subject to weather and any unforeseen [...]
First Helium Inc. today announced receipt of regulatory licensing approval to proceed with the drilling of its 7-15 high impact exploration location, along with its previously licensed proven undeveloped 7-30 location, which has been assigned proved plus probable undeveloped reserves of 196,700 barrels² by Sproule Associates Limited ¹, its independent evaluator. The Company is working to secure drilling and ancillary [...]
First Helium Inc. today provided a Corporate Update regarding its plans for 2025 via a message from President & CEO, Ed Bereznicki. "As we move into 2025, I'm excited to share our plans at this pivotal moment for First Helium. With two high-impact drilling targets identified and funded for near-term execution, our comprehensive technical work through 2024 has set the stage for what promises to be a transformational year [...]
First Helium Inc. today announced that it has completed surveying its proven undeveloped 7-30 location and is advancing through the licensing process for both the 7-30 and 7-15 locations, respectively. The 7-30 PUD well will be drilled on an existing surface location which will enable the Company to expedite drilling. The PUD well has been assigned proved plus probable undeveloped reserves of 196,700 barrels2 by Sproule [...]
First Helium Inc. today announced plans to drill two complementary vertical Leduc oil targets at its Worsley property. The program will include drilling two strategic targets: the Company's proven undeveloped location at 7-30, which has been assigned proved plus probable undeveloped reserves of 196,700 barrels2 by Sproule Associates Limited 1, the Company's independent evaluator, and the recently identified 7-15 Leduc [...]
First Helium Inc. today announced that it has completed its field survey activities and selected the surface location for its Leduc anomaly test well planned for drilling this winter. The survey will be used to prepare necessary regulatory applications for drilling approval. The well location has been selected based on a thorough evaluation of recently acquired proprietary 3D seismic data where the Company has identified [...]
First Helium Inc. , today announced the closing of its upsized non-brokered private placement financing which was previously announced in the Company's press release dated October 16, 2024 and October 21, 2024. First Helium issued 60,666,671 units at a price of $0.06 per Unit for gross proceeds of $3,640,000.26 . All monetary figures in Canadian Dollars. Each Unit consists of one common share in the capital of First [...]
First Helium Inc. is pleased to announce its intention to increase the size of its previously announced non-brokered private placement financing from C$2,500,000 to C$3,000,000. The Company will now issue up to 50,000,000 Units of the Company at a price of $0.06 per Unit, for aggregate gross proceeds of C$3,000,000. Each Unit will be comprised of one common share in the capital of the Company and one transferrable common [...]
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