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First Helium: Advanced Stage, high-Value Oil, and Helium-enriched Natural Gas Project in Canada

by admin October 4, 2024
October 4, 2024
First Helium: Advanced Stage, high-Value Oil, and Helium-enriched Natural Gas Project in Canada

First Helium (TSXV:HELI,OTCQB:FHELF,FRA:2MC) is a Canadian company developing helium resources in Alberta, Canada. The company’s primary asset is the Worsley project spanning 53,000 acres, including helium-enriched natural gas, oil and other natural resources. First Helium has made significant progress with multiple discoveries, including a helium discovery well and successful oil wells. The company aims to grow its production and cash flow through ongoing exploration and drilling activities.

First Helium targets over $100 million in annual revenue within the next three to five years. Based on current projections, vertical drilling alone could generate over $100 million in annual revenue, with cash flow estimated to reach $70 million annually.

The Worsley project is distinguished by its significant helium resources and multi-zone drilling potential for helium, natural gas and oil. Worsley area has produced over 1 Bcf of helium, which was not recovered in previous natural gas operations, highlighting the untapped potential of the region for helium extraction.

The Worsley project area benefits from an existing natural gas gathering infrastructure, expediting the timeline to bring helium to market. First Helium expects the first production to begin in the fourth quarter of 2025, positioning it to become a key supplier in the growing North American helium market.

Company Highlights

Helium is a critical mineral with steady growth in demand. Major companies like Google, Amazon, SpaceX, Samsung, NVIDIA and Intel rely on it.Helium prices have increased by over 50 percent in the last three years and the market is expected to grow 300 percent by 2030.First Helium offers exposure to helium, natural gas and oil revenue streams, which diversifies risk and increases value.

This First Helium profile is part of a paid investor education campaign.*

Click here to connect with EMP Metals (CSE:EMPS) to receive an Investor Presentation

This post appeared first on investingnews.com

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