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 Have Provided Cash Flow to Help Fund Exploration Activities
Sproule Proven Undeveloped Drill Location With 196,700 barrels of Proved + Probable Undeveloped light oil Reserves
Successfully drilled and cased 5-27 well - sets up for potential regional play across Company controlled acreage
Preliminary engineering on processing facility completed, contractors identified, next steps Financing and construction
10 Year Helium Take-or-Pay Gas Off-Take Agreement Secured, First 5 Years Firm Pricing
53,000 Acres
Over 53,000 Acres of Additional Exploration & Development Land on Prospective Worsley Trend For Helium, Oil, NGL's and Natural Gas
First Helium Has Identified 12 Highly Prospective Multi-Zone, Oil, Helium And Natural Gas Exploration And Development Opportunities, Including Two Re-Entry Candidates, For Oil And Helium That It Has Prioritized For Drilling
INVESTMENT HIGHLIGHTS
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GLOBAL DEMAND
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Helium is a high value, finite resource, vital to the Aerospace, Industrial, Scientific Research, Healthcare and High-Tech sectors because of its physical properties. |
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RESOURCE DE-RISKED
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The Company’s 15-25 helium-rich discovery well is ready to be equipped and brought into production, pending facility financing and construction. |
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COMPELLING ECONOMICS
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Long life, high netback production profile lends itself to responsible, non-dilutive financing alternatives for infrastructure. |
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ATTRACTIVE VALUATION
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With the production-ready helium discovery well, qualified by an independent engineering evaluation, and a 10 year take or pay offtake agreement, First Helium is attractively valued relative to its public company peers. |
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LARGE UNDEVELOPED LAND BASE
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Concentrated 53,000 acres of prospective helium-bearing lands on trend with the 15-25 discovery well. Multi-commodity exposure to oil, NGL’s and natural gas with over 9,500 acres of 3D Seismic Data to utilize with its proven geologic model. |
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ENVIRONMENTALLY CONSCIOUS
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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:
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.