First Helium Completes Drilling 7-15 Well & Cases for Completion and Testing

First Helium Completes Drilling 7-15 Well & Cases for Completion and Testing

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed drilling its 7-15 exploration well at its Worsley Property in Northern Alberta. The 7-15 well has been cased for completion and testing. The Company is now proceeding with a plan to complete and test both the 7-30 and 7-15 wells.

"We are pleased to have completed drilling our 7-15 well which was delivered on time and within budget, despite drilling during challenging winter conditions. We look forward to completing and testing both wells over the coming weeks," said Ed Bereznicki, President & CEO of First Helium.

The proximity of the two locations (see Figure 1), approximately 6 kilometers apart, will enable the Company to efficiently complete and test both wells. Subject to results, necessary preparations are being made to complete, equip and tie-in both wells prior to spring break up in Alberta (a period from mid/late March through May when Provincial highway restrictions limit heavy equipment movement), further setting the stage for systematic development across the Company's extensive, 100% owned land base.

Figure 1:
East Worsley Project Inventory

Picture1

ABOUT First Helium

Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.

First Helium holds over 53,000 acres along the highly prospective Worsley Trend in Northern Alberta which has been the core of its exploration and development drilling activities to date.

Building on its successful 15-25 helium discovery well, and 1-30 and 4-29 oil wells at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development across its Worsley land base. Cash flow from its successful oil wells at Worsley has helped support First Helium's ongoing exploration and development growth strategy. Further potential oil drilling locations have also been identified on the Company's Worsley land base.

For more information about the Company, please visit www.firsthelium.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. Bereznicki
President, CEO and Director

CONTACT INFORMATION

First Helium Inc.
Investor Relations
Email: ir@firsthelium.com
Phone: 1-833-HELIUM1 (1-833-435-4861)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the completion of future planned activities. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of the equity financing markets and regulatory approval.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

SOURCE: First Helium Inc.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d53617a4-0348-456b-aa2e-0eaa6f3005a9


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

HELI:CA
The Conversation (0)
First Helium Announces Shallow Heavy Oil Discovery

First Helium Announces Shallow Heavy Oil Discovery

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced two discoveries at its Worsley Project:

Shallow Heavy Oil Discovery

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Helium Spuds 7-15 Exploration Well

First Helium Spuds 7-15 Exploration Well

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has begun drilling its high impact Leduc anomaly, the 7-15 well, at its Worsley Property in Northern Alberta. The location was identified on proprietary 3D seismic data interpreted last spring. In addition to the primary Leduc formation target, the Company will be evaluating multiple uphole zones for oil, natural gas and helium. These zones have been previously identified on First Helium wells and in other existing well bores on, and around the Company's Worsley land base. The Company will continue to provide regular updates on ongoing field activities.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Helium Completes Drilling 7-30 Well & Cases for Completion and Testing

First Helium Completes Drilling 7-30 Well & Cases for Completion and Testing

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed drilling its proven undeveloped ("PUD") 7-30 oil location at its Worsley Property in Northern Alberta 1,2 . The 7-30 well has now been cased for completion and testing. In addition to the targeted Leduc formation, the Company encountered multiple uphole, shallower zones with prospectivity for oil, natural gas and helium. These zones have been previously recognized and mapped on the Worsley land base. The drilling rig is now being mobilized to the 7-15 location to begin drilling over the next few days, barring any unforeseen delays. The Company will continue to provide regular updates on ongoing field activities.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Helium Spuds 7-30 Undeveloped Light Oil Well at Worsley

First Helium Spuds 7-30 Undeveloped Light Oil Well at Worsley

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has begun drilling its proven undeveloped ("PUD") 7-30 oil location at its Worsley Property in Northern Alberta 1,2 . Following drilling of the 7-30 vertical well, the contractor's drilling rig will move directly to the 7-15 location to begin drilling in early February, barring any unforeseen delays. The Company will continue to provide regular updates on ongoing field activities.

"We are excited to be drilling again - starting with our 7-30 light oil development well which spudded this past weekend. We will follow up by drilling our high impact Leduc anomaly, 7-15, which on seismic is approximately 5X the areal extent of our successful 1-30 light oil pool discovery. Favorable results from these two wells will further de-risk our Leduc Play, where we have identified 10 additional primary locations on proprietary 3D seismic, and potential for further southeast extension across our 100% owned lands," said Ed Bereznicki, President & CEO of First Helium. "With success, the combined oil potential from these two operations would provide immediate cash flow and meaningful near-term value for our shareholders," added Mr. Bereznicki.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Helium Secures Rig to Drill Two Wells Targeting Leduc Light Oil at Worsley

First Helium Secures Rig to Drill Two Wells Targeting Leduc Light Oil at Worsley

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has engaged the services of a drilling contractor to drill its 7-15 high- impact exploration location, along with its proven undeveloped ("PUD") 7-30 oil location 1,2 . The contractor's drilling rig (the "Rig") is currently working for another operator in the region. The Company expects the Rig to arrive at the 7-30 location and begin drilling within two weeks, subject to weather and any unforeseen delays. Following drilling of the 7-30 well, the Rig will be released and mobilized directly to the 7-15 location to begin drilling in early February, barring any unforeseen delays. The Company will continue to provide regular updates on these field activities.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Metallic ores on conference table with international flags in background.

Canada Backs Port Expansions, Strikes Critical Minerals Deal With Germany

Ottawa’s push to strengthen trade links with Europe is moving ahead on two tracks: investing in new port infrastructure at home and formalizing a minerals partnership with Germany abroad.

Speaking alongside German Chancellor Friedrich Merz in Berlin, Prime Minister Mark Carney confirmed Tuesday (August 26) that Canada would support major new infrastructure projects, including a new port in Churchill and an expansion of Montreal’s Contrecœur terminal.

Keep reading...Show less
West High Yield  Resources Ltd. Announces Exercise of Options and Warrants

West High Yield Resources Ltd. Announces Exercise of Options and Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise of certain stock options (the "Options") and share purchase warrants (the "Warrants") of the Company.

Options

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
West High Yield  Resources Ltd. Welcomes Final EAO Decision on Record Ridge Magnesium Project

West High Yield Resources Ltd. Welcomes Final EAO Decision on Record Ridge Magnesium Project

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") is very pleased to announce that the British Columbia Environmental Assessment Office (the "EAO ") has issued its Final Designation Decision confirming that the Company's Record Ridge Industrial Minerals Project (the "Project"), near Rossland, British Columbia, will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia) (the "Act").

The EAO reviewed applications submitted under Section 11 of the Act and concluded that the Project's potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO's Final Designation Report and Reasons for Decision are publicly available on the EAO's Project Information Centre: EAO EPIC – Record Ridge Project Documents.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Allied Critical Metals Appoints Former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of Allied Critical Metals USA

Allied Critical Metals Appoints Former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of Allied Critical Metals USA

Highlights:

  • Secretary Nielsen joins the board of directors of Allied USA.
  • Secretary Nielsen is a leading expert on United States national security matters and has advised government agencies, private sector companies, international organizations, and NGOs on assessing their risk posture and increasing their resiliency.
  • Allied USA is focused on importation, marketing and sales of tungsten into the United States.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of former U.S. Secretary of Homeland Security Kirstjen M. Nielsen as a Director of Allied's wholly owned U.S. subsidiary, Allied Critical Metals (USA) Inc. ("Allied USA").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Close-up of two people in suits shaking hands with blue lights overlay.

Tivan Secures Mineral Exploration Deed for Sandover Fluorite Project

Tivan (ASX:TVN) said on Monday (August 18) that it has signed a mineral exploration deed for its Sandover fluorite project in the Northern Territory.

According to the company, this is its first secured deed with the Central Land Council (CLC).

CLC is the statutory body established under the Aboriginal Land Rights (Northern Territory) Act 1976, representing the traditional owners and native title holders of Central Australia.

Keep reading...Show less
Allied Critical Metals Appoints General James A. "Spider" Marks as a Director of Allied Critical Metals USA, Its U.S. Subsidiary Focused on Tungsten Import and Sales

Allied Critical Metals Appoints General James A. "Spider" Marks as a Director of Allied Critical Metals USA, Its U.S. Subsidiary Focused on Tungsten Import and Sales

Highlights:

  • General Marks joins the board of directors of Allied USA.
  • General Marks is a leading expert on international military strategy with a distinguished career in the United States Army.
  • Allied USA is focused on importation, marketing and sales of tungsten into the United States.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Major General (Ret.) James A. "Spider" Marks to the Board of Directors of its U.S.-based subsidiary, Allied Critical Metals (USA), Inc. ("Allied USA"). Allied USA is dedicated to the importation, marketing and sales of tungsten into the United States.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×