ATTRACTIVE VALUATION
First Helium Compares Well to its Trading Group Peers
Production Tested 15-25 Helium Discovery Well At Worsley – 1.3% Helium Content
Sproule Contingent Resource Report Supports NPV10 Base Value Of ~$15mm
1-30 & 4-29 Light Oil Discovery Wells Provide Immediate Cash Flow
Sproule Proven + Probable Reserves of over 500,000 barrels of light oil, NPV10 of ~$25mm
Successfully drilled and cased 14-23 well - sets up for potential regional play across Company controlled acreage
Preliminary engineering on processing facility completed
Helium Gas Off-Take Negotiations Underway, Leading To Planned Funding And Construction Start In Winter 2022/23
60,000 Acres
Over 60,000 Acres of Additional Exploration & Development Land on Prospective Worsley Trend
Additional Drill-Ready expansion Locations On Adjacent Land To Discovery Wells, 3D Seismic Supported – Summer ’22 land acquisition added 25,600 acres contiguous to these discoveries
Lethbridge - Over 276,000 Acres Of Prospective High-Impact Helium Exploration Land With Over 60% 3D Seismic Coverage, Expedites Exploration Activity, Saves On Seismic Acquisition Cost, And Sets Up For Potential Second Core Area
INVESTMENT HIGHLIGHTS
GLOBAL DEMAND
|
![]() |
Helium is a high value, finite resource, vital to the Aerospace, Industrial, Scientific Research, Healthcare and High-Tech sectors because of its physical properties. |
RESOURCE DE-RISKED
|
![]() |
The Company’s 15-25 helium-rich discovery well is ready to be equipped and brought into production. |
COMPELLING ECONOMICS
|
![]() |
Long life, high netback production profile lends itself to responsible, non-dilutive financing alternatives for infrastructure. |
ATTRACTIVE VALUATION
|
![]() |
With the production-ready discovery well, qualified by an independent engineering evaluation, plus cash flow from its two producing oil wells and contiguous upside lands, First Helium is attractively valued relative to its public company peers. |
LARGE UNDEVELOPED LAND BASE
|
![]() |
Concentrated 60,000 acres of prospective helium-bearing lands on trend with the 15-25 discovery well. 25,600 acres of contiguous land was acquired during the summer of 2022. |
LIQUIDITY
|
![]() |
First Helium’s common shares were listed on the TSX-V on July 12, 2021 (Ticker: “HELI”). They also trade on OTCQX - FHELF and Frankfurt under 2MC: FRA. |
LARGE EXPLORATION INVENTORY POTENTIAL
|
![]() |
Expansive Seismic and Land Review option on over 880,000 acres of prospective helium exploration land led to high-graded select land package of over 276,000 acres, with 60% 3D seismic coverage. |
ENVIRONMENTALLY CONSCIOUS
|
![]() |
First Helium is committed to leading the way in environmental and operational excellence in the nascent Canadian helium exploration and development sector – striving to surpass government regulations. |
ANALYST COVERAGE
First Helium is currently covered by the following Research Analyst(s):
Brent Watson
Cormark Securities Inc.
Tel: (403) 750-7201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
If you would like to receive the report(s) written by any of the listed Research Analyst(s), please contact them directly via the information provided above.