First Helium

First Helium Inc. – An exploration company with a helium discovery that is being brought into production augmented with near term lower risk oil development opportunities to provide operating cash flow. First Helium is planning to drill one development oil well and recomplete a potential light oil zone in another well bore this fall/winter.

Exploration & Development Upside

First Helium is currently exploring 2 projects:

Worsley

60,000 Acres on Core Project, 100%-Owned, multiple drill locations for helium and light oil
A number of lower risk oil development opportunities to bolster cash flow.
“15-25” Discovery Well Tested 1.3% Helium, 3rd Party Evaluation
Peer-group-leading helium resource, target production H2 – 2024
Ten-year (first 5 years firm pricing), take-or-pay helium offtake sales agreement, with 20%volume availability for direct/alternative sales strategies

Lethbridge

276,000 Acres
60% Covered by 3D Seismic
First Drill Location Ready for 2023 Drilling - Greater Knappen Area
Active Helium Area - Near Existing Helium Production and New Discoveries

The first well (15-25) has tested at 1.3% helium content and 65% natural gas content, which is very economic and ready to be brought into production. The Company has entered into a long term offtake helium sales agreement with a large global industrial gas distributor. New successful light oil wells can be brought into production in short order for minimal cost given the Company’s existing oil battery facility at Worsley.

Did you know

Helium is considered crucial to the United States’ national security.

Because of this, a strategic repository was developed in 1960 in Amarillo, Texas. This WAS the largest source of helium in the world. ut the US Bureau of Land Management sold a large portion of this helium each year to pay for the plant's debts.

Demand Constituents Of Helium

demand_graph

SOURCES: Edison Investment Research (February 2019)/ Kornbluth Consulting

In 2019 they stopped selling.

Here's what happened to helium prices:

2017

Private sale, grade A helium was $US200/mcf (thousand cubic feet).

JUNE 2018

Prices are $US225/mcf.

2022

Prices of over $US400/mcf were publically disclosed.

Supply squeezes are causing helium shortages, pushing prices higher each year.

The global estimated level of demand for helium is 6 bcf (BILLION cubic feet/ year). Analysts estimate global CAGR growth for helium at 7.6%.

This is an opportunity for smart resource investors.

Interested In Investing?

Follow Closely By Joining Our Investor Alert List

AND feel free to request an analyst report from Cormark Securities that breaks down their reasons for a $0.90 near-term target price for First Helium.

Join Investor List

Helium is Unique, Rare & Essential for The Modern World

Helium is irreplaceable. Its low density means it floats away into high orbit and can’t be recovered.

Here’s some of helium's unique properties that make it critical for the modern world:

Helium is the 2nd smallest atom in the universe. Because of this, it's used to find microscopic leaks in ship hulls and vehicle air conditioning systems.
It’s a frictionless superfluid -- this property makes it vital in scientific research into lasers, transistors and superconductors. For instance, superfluid helium was used in a special satellite in 1983 to get information about infrared waves in space.
Helium gas expands rapidly. This provides a safer alternative than explosive propelled airbags.
Lowest Boiling & Melting point at - 272° Celsius. This means it’s liquid at near absolute zero. This enables supercooling in MRI machines and the Hadron Collider.

Amazon, Google, Facebook and Netflix all depend on helium to keep their servers cool and running around the clock.

Ultra-high thermal capacity enables super-conductivity. This property is critical in arc welding and accelerating the binding of certain metals.

It’s inert, meaning it won’t react with the air. This allows for the safe cleaning of rocket fuel tanks and other key processes in fibre optics and semiconductor manufacturing.

Low density - Used to float weather balloons, airships and decorative balloons.

Corporate
Presentation

Download

Where Do You Find Helium And What Does An Economic Resource Look Like?

Deposits of helium gas collect over millions of years as uranium and thorium decay and emit helium nuclei.
Usually, this helium leaks through the surface of the earth and dissipates into the atmosphere. In an economic deposit, it's trapped in sealed structures oftentimes along with methane and other gasses. Helium concentrations of 0.5% in natural gas are generally considered commercially viable.
Where are these “helium deposits”, gas reservoirs that contain helium?
The world's existing helium supplies come primarily from Russia, Qatar and the United States.
The 5th largest prospective resource is in Canada. Low political risk makes a helium producer in Canada appealing to investors.
If you're an investor looking for intriguing opportunities, you'll want to watch pre-production companies.

Enter First Helium

TSX-V:HELI

The only pre-production helium company with oil reserves and production, backed up by an independent engineering evaluation of its oil reserves and contingent evaluation of its helium resources.

This oil production helps First Helium fund ongoing exploration activities.

First Helium boasts a seasoned management team, board of directors and advisory group with successful track records in...

Oil and gas exploration and production
Capital markets and finance
Helium project development, construction and project management

Peer Group Comparison Highlights

“HELI” stands out from its peers with compelling market trading valuation among its pre-production peers.

_{Source: Company Filings & Corporate websites as at 09.06.23. Publicly available information. TMX Money (www.tmx.com), CSE (www.thecse.com), Australian Stock Exchange (www.asx.com.au) . 1. See First Helium’s SEDAR profile at www.sedar.com for further information.}

worsley undeveloped lands

First Helium is moving to bring its 15-25 Helium well into production by H2 - 2024 to take advantage of current Helium pricing levels.

Based on management forecasts, First Helium expects to see project level cash flow of over $5 million per year, and; the helium well represents over $20 million in project level Net Present Value.
In conjunction with bringing the 15-25 helium well into production, First Helium will complete & test its “14-23” helium well drilled last year.
Future upside from numerous potential helium and oil drilling locations on Worsley land base.

Share Capitalization Table

COMMON SHARES OUTSTANDING AS AT SEPTEMBER 1, 2023

Alberta Focused, Cash Flowing, Multi Project Helium Developer.

Resource investors should pay attention to commodities with growing demand and shrinking supply.

Helium is that commodity. Oil plays a strong supporting role.

If you want dual commodity exposure, consider First Helium and join the investor list.

The next 18 months are catalyst rich and the company will be providing news updates.

The latest investor presentation, which is available for download on the website, dives into the details of the project.

AND you can request an analyst report from Cormark Securities that breaks down their reasons for a $0.90 near-term target price for First Helium.

Join Investor List

A Helium Supply Shortage Creates A Rare Opportunity For Investors In First Helium