First Helium Inc.

2MC Receives $1.2 Million for Oil Deliveries in June First Helium Inc. , today announced that it has received a reserve report from its independent evaluator, prepared in accordance with "NI 51-101" guidelines, indicating Total Proved plus Probable gross reserves of 505,100 barrels of light oil with corresponding NPV 10% of $24.6 million1,2, for its oil property at Worsley. In addition, the Company received revenue of [...]

2MC First Helium Inc. , today announced the commencement of drilling its third exploration well, the "14-23" target, which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. Targeting multiple helium-bearing formations, successful drilling of the 14-23 well will potentially add incremental contingent resource1 volumes to those of the successful 15-25 helium discovery [...]

2MC Drilling of the "14-23" Helium Target Well Planned for Mid-July First Helium Inc. , today announced that it has received its license from the Alberta Energy Regulator to drill its third exploration well, the "14-23", which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. The Company expects to begin drilling operations in mid-July, 2022. "The 14-23 location has [...]

2MC Reports Average Daily Oil Production of 520 BBL/D Over Last Five Days First Helium Inc. , today announced that it has received $1.2 million for light oil volumes that the Company delivered for sale during the month of April. Cash flow from the light oil sales will continue to be deployed to help fund the Company's ongoing helium exploration and development activities at its 100% owned Worsley Property, and the [...]

Plans to Capitalize on Attractive Outlook for Helium and Natural Gas Pricing First Helium Inc. , today announced that it plans to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in Alberta, Canada. 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 [...]

2MC Combined April Net Revenue of Approximately $1.4 Million Expected From 1-30 and 4-29 Wells First Helium Inc. , today announced that it brought the 4-29 light oil well into production on April 8th, 2022. During the month, the Company produced the well at an average daily rate of 144 barrels per day of 36 degree light oil, with an average oil cut of 50%. On a combined basis, it is expected that the 1-30 and 4-29 wells [...]

Company also Received DTC Eligibility Approval First Helium Inc. , today announced that it has received cash proceeds of approximately $1,200,000 for March light oil production from the 1-30 well and an additional $485,000 in warrant exercise proceeds. The Company also announced that it has become DTC eligible in the U.S. which should expand market access for its U.S. investors. "Total cash proceeds of approximately [...]

2MC 1-30 Oil Well Pays Out in Less than Two Months First Helium Inc. , today announced that it has received an additional $1.87 million in proceeds from recent warrants exercises. In addition, based on expected March pricing and associated government royalty rate escalation as a result of well payout, the Company anticipates receiving revenue of approximately CA$1.2 million in late April for March's oil production [...]

2MC CALGARY, AB, March 29, 2022 /CNW/ - First Helium Inc. , today announced a significant positive change to the Company's balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants. Strong revenues continue through the receipt of payments of $1.25 million for light oil volumes delivered during February from the "1-30" well which is located on First [...]

Significant Additional Production Revenue Anticipated in Q2/2022 First Helium Inc. , today announced that it has drilled, completed and tested the Company's second exploration well on the Company's Worsley Property . Upon completion of well operations, the 4-29 well flowed 467 barrels per day of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal [...]