First Helium Inc.

Company Prepares for Oil Target Drill Testing and Prioritizes Additional Drilling Targets First Helium Inc. , an exploration and development company with properties in Northern and Southern Alberta, is pleased to announce that its two 100% owned oil wells, 1-30 and 4-29, have cumulatively produced over 105,000 barrels of approximately 35-degree API light oil through the Company's Worsley oil facilities. Since coming [...]

Company Announces Non-Brokered Private Placement to Raise up to $2.5 Million First Helium Inc. , an exploration and development company with properties in Northern and Southern Alberta, is pleased to announce its plans to drill an existing "proven undeveloped" light oil location as well as re-enter an existing well bore to test multiple zones for oil and gas with potential helium content. Successful results at the two [...]

Company Prioritizes Oil Targets and Finalizes Helium Processing Facility Design and Vendor List First Helium Inc. , a helium exploration and development company with properties in Northern and Southern Alberta, is pleased to provide an update regarding its Worsley helium production facility and further highlights of its exploration and development program. "We are pleased to be moving on to the next phase of installing a [...]

Building on Worsley Exploration Model Success First Helium Inc. , a helium exploration and development company with properties in Northern and Southern Alberta, is pleased to provide an update on its recently completed 5,200 acre proprietary 3D seismic program over a portion of its most recently acquired lands at Worsley. Initial evaluation of the data by First Helium's exploration team indicates the presence of a number [...]

Summarizes Key Remaining 2023 Objectives and Past Project Development Achievements 2MC First Helium Inc. , a helium exploration and development company with properties in Northern and Southern Alberta, is pleased to provide a summary of some of its key remaining 2023 objectives and past achievements since listing in mid-2021. At that time, the Company stated its intention to develop its Worsley land base and move toward [...]

Arrangement Calls for Sale of up to $US100 Million of Helium During First 5 Years 2MC First Helium Inc. , is pleased to announce that it has entered into a long-term "take-or-pay" helium supply agreement with a major global industrial gas supplier to sell helium gas production from its Worsley Property. The Company has agreed to sell to the Purchaser 80% of its produced helium volumes, subject to maximum monthly and [...]

Company Completes 3D Seismic Program at Worsley 2MC First Helium Inc. , today announced that it has exercised an option to acquire 640 acres of highly prospective helium exploration lands at Dixonville which are located nearby existing well penetrations with indicated grades, or helium concentrations, ranging from 1.7% to 5.7%. The option was exercised for nominal cost and is expected to close this month. In addition, the [...]

Company Highlights Drill-Ready Location on its Southern Alberta Helium Lands First Helium Inc. , today announced that it has commenced work on its proprietary 21 km2 3D seismic data acquisition program over recently acquired lands at its Worsley property. The program will focus on a select area of the new lands which are located southeast of, and contiguous to the Company's 15-25 helium well and two successful oil [...]

2Dec. 22, 2022 /CNW/ - First Helium Inc. , today announced the closing of the non-brokered private placement financing disclosed on November 30, 2022. First Helium issued 12,192,000 units at a price of $0.20 per Unit for gross proceeds of $2,438,400. All monetary figures in Canadian Dollars. Each Unit will consist of one common share in the capital of First Helium and one non-transferable common share purchase warrant [...]

2MC Company to Optimize Oil Production Rates at Worsley First Helium Inc. , today announced that it has received the necessary regulatory approvals to commence operation of its water disposal well at the Worsley Oil Battery. The Company is activating disposal operations immediately to facilitate increased oil production with materially reduced ongoing operating costs. "We are very pleased to receive regulatory [...]