Highlights
- Worsley Project Holds Significant Exploration Upside for Helium, Oil, NGL's and Natural Gas
- Key Target: The Company plans to test a substantial structure in the Leduc Formation that has been identified on recently interpreted proprietary 3D seismic
- First Helium also looks forward to testing the first of potentially numerous horizontal, helium-enriched natural gas targets on a regional play on the western part of the property
- All targets to be tested in the anticipated program have the potential to encounter multiple productive horizons (pay zones) which can include natural gas with associated helium, and light oil
- First Helium’s targets are located on trend and adjacent to past producing helium-enriched natural gas pools and light oil wells
- Helium-enriched natural gas can garner premium pricing with netbacks ranging from 3 - 4 times the netbacks of conventional natural gas
- Helium discovery well being brought into production, pending facility financing and construction
- Offtake agreement in place with one of the largest global helium gas distributors
Successful Explorer
Early oil exploration success helped fund ongoing helium exploration and minimize dilution to shareholders. An active drill program will be the engine to continue to grow project scale and cash flows into the future.
Helium is A Precious Commodity
It’s highly sought after, the price has risen, and Big Tech, Medical, Scientific, Industrial and Aerospace depend on a steady, reliable supply. The current tight market continues to send helium prices higher.
Real Assets in a Proven Area
First Helium’s assets at Worsley are located in a proven, helium-rich area with exposure to oil and natural gas. The Company’s geological team has already made discoveries in Worsley and has a long list of targets identified to grow the Company into the future.
WHY FIRST HELIUM?
First Helium Inc. (“First Helium”, the “Company” or “HELI”) is a Canadian company exploring and developing a premier helium project in Alberta, Canada. This high-value, low-risk to high-impact exploration project is among the most advanced helium assets held by junior companies in North America.
The Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 53,000 acres with multi-commodity exposure to helium, as well as oil, NGL’s and natural gas. It holds First Helium’s helium discovery well and two successful oil wells. Its fourth well, a helium target, was successfully drilled horizontally and cased for future completion and testing. The company plans to continue drilling at Worsley throughout the second half of 2024.
