Helium is an often overlooked commodity that has high-value economics, with growing industrial demand and limited new sources of supply. Its core property located at Worsley, Alberta is located in regional proximity to key helium processing and liquefaction infrastructure in the Western and Central United States. The Company has successfully tested its first discovery well and is looking forward to bringing it into production along with exploring and developing future helium resource on its significant undeveloped land base at Worsley.
DISCOVERY WELL
- Tested at 1.3% helium content.
- Ready to produce, pending processing facility installation.
INDEPENDENT ENGINEERING REPORT
- Sproule Associates Limited (an independent evaluator) determined the contingent
resource to have an unrisked “best” estimate of NPV $15.2 mm (at a 10% discount rate) or $0.23 per basic share.
UPSIDE DEVELOPMENT ON ADJACENT HELIUM PROSPECTIVE LANDS
- Historically active energy exploration area with existing infrastructure and well data with attractive helium levels.
- Company Management estimate of 1 Bcf of helium gas produced from natural gas wells in the Worsley region historically, but never captured for sale to market.
- Target three additional wells to grow helium volumes.
- Install a scalable and modular processing facility to produce helium.
VISIBILITY ON CASH FLOW
- Preliminary engineering on the facility completed.
- Raised approx. $12 million in capital to date,
- On-stream 12-15 months from funding and kick-off
First Helium boasts a seasoned management team, board and advisory group with successful track records and experience in energy exploration and production, capital markets and finance; helium project development, construction and project management, and mining exploration and development.
Mr. Loeber has 30+ years of experience financing early stage resource companies and developing one of the largest pure silver mines in the U.S. He has previously founded Sandspring Resources and Carlisle Goldfields (Canadian mining company). Mr. Loeber serves as a promoter with an extensive network in Europe, Asia, and North America.
Mr. Bereznicki is a seasoned energy executive with E&P, risk management, operations, and pipelines experience, as well as 15 years of Corporate Finance, Capital Markets, and Financial Advisory Expertise as Senior Energy Investment Banker with Raymond James and GMP. He has raised over $20 Billion in value for start-up’s and IPO’s in the Energy Sector, and been involved in over 30 successful M&A transactions totaling more than $4.5 Billion.
Mr. Scott is an accomplished professional with 20+ years of experience In accounting and corporate compliance, corporate finance, and merchant and commercial banking. He is a CPA, CA and a CFA charterholder and has spent the last 15 years as a Senior Officer and Director of a number of issuers listed on the TSX Venture Exchange. In that time he has helped raise in excess of $200 million in equity and has gained extensive experience in initial public offerings, reverse takeovers, corporate restructuring and mergers, and acquisitions, as well as cost-effective management of operations.
He currently holds Management and Board Positions with a number of TSX-V Listed Issuers.
Mr. Safton is a well-versed Geoscience executive with 30+ years experience in Alberta’s oil and gas exploration and development. He has been a co-founder and operator of a private oil and gas company since 1998, and has held various positions in senior management and boards of public companies.
Mr. Wyzykoski is a member of the
founding Engineering group at Crescent Point Energy. With 25+ years experience
in the Canadian Oil and Gas Industry, he has extensive background in Operations,Engineering, Acquisitions and Divestitures, Finance/Capital Markets.
His previous positions include former COO, Orlen Upstream Canada, Officer, Fairmount Energy and TriOil Resources.
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Mr. Holmstrom has extensive experience developing business strategy & leading the successful execution of $1 Billion+ EPC projects worldwide. With 33+ years in leadership roles in Oil & Gas, Mining, Wireless Communications, and Medical Devices. He has held the position of President within a $200MM+ company (Lockerbie & Hole, a division of AECON) and Vice President in two $1 Billion+ operating companies (Flint Energy Services & Stuart Olson).
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Mr. Watson has 35 years Oil and Gas experience and holds multiple roles across Operations, Production, and Reservoir Engineering, Gas Marketing, and Business Development. A key position includes VP Thermal Ops and VP Production Ops for all Devon Production Ops and Production Support, 105,000 bbls/d with an annual opex budget of $1.2 Billion.
Mr. Winter has 36+ Years Of Industrial Experience, Primarily In Cryogenics. He has completed Hundreds Of Projects In 25+ Countries, Including First Helium Plant On Canada In Over 40 Years.
Mr. Lyons is a Civil Engineer(UBC) with an MBA from University of Western Ontario. He is the Lead Independent Director Canaccord Genuity Group Inc. and holds several board positions including the Chairman and Director of Sprott Resource Holdings Inc, Director Martinrea International Inc, and served as a former Managing Partner of Brookfield Asset Management.
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Chief Financial Officer of Northwest Refining Inc.
Mr. Ebbern has 35 years+ of experience in the oil and gas industry and energy investment and banking business. Director of Athabasca Oil Corporation and Hightowers Petroleum and former director of Nexen Inc. Talisman. MBA from the Ivey School of Business at the University of Western Ontario, B.Sc. in Geological Engineering from Queens University.