TSXV: HELI    OTCQB: FHELF    FRA: 2MC

Combined April Net Revenue of Approximately $1.4 Million Expected From 1-30 and 4-29 Wells

CALGARY, AB, May 4, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it brought the 4-29 light oil well into production on April 8th, 2022. During the month, the Company produced the well at an average daily rate of 144 barrels per day (‘bbl/d”) of 36 degree light oil, with an average oil cut of 50%.  On a combined basis, it is expected that the 1-30 … Continue Reading

Company also Received DTC Eligibility Approval

CALGARY, AB, April 27, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received cash proceeds of approximately $1,200,000 for March light oil production from the 1-30 well and an additional $485,000 in warrant exercise proceeds. The Company also announced that it has become DTC eligible in the U.S. which should expand market access for its U.S. investors.

“Total cash proceeds of approximately $485,000 from the early exercise of warrants along with cash flow from the 1-30 well continue to … Continue Reading

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

1-30 Oil Well Pays Out in Less than Two Months

CALGARY, AB, April 13, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received an additional $1.87 million in proceeds from recent warrants exercises. In addition, based on expected March pricing and associated government royalty rate escalation as a result of well payout, the Company anticipates receiving revenue of approximately CA$1.2 million in late April for March’s oil production. Located on First Helium’s 100% owned, 79,000 acre Worsley landholdings, the … Continue Reading

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

CALGARY, AB, March 29, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced a significant positive change to the Company’s balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants.

Strong revenues continue through the receipt of payments of $1.25 million for light oil volumes delivered during February from the “1-30” well which is located on First Helium’s 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada.  The 1-30 well was … Continue Reading

Significant Additional Production Revenue Anticipated in Q2/2022

CALGARY, AB, March 23, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTC: FHELF) (FRA: 2MC), today announced that it has drilled, completed and tested the Company’s second exploration well on the Company’s Worsley Property (the “4-29”).  Upon completion of well operations, the 4-29 well flowed 467 barrels per day (“bbl/d”) of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown. First Helium is preparing to bring the 4-29 well … Continue Reading

Cash Flow Deployed to Ongoing Helium Exploration

TSXV: HELI   FRA: 2MC

CALGARY, AB, March 2, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today announced first month’s average daily production of approximately 430 barrels per day (“bbls/d”) of light oil from its successful “1-30” discovery well which is located on First Helium’s 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. The 1-30 well was brought on-stream on January 23, 2022. The Company has received revenues of approximately CA$ 280,000 for January oil production deliveries, and based on expected … Continue Reading

Production Averages 435 Barrels Per Day Over First 8 Days

TSXV: HELI   FRA: 2MC

CALGARY, AB, Feb. 1, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today announced that the “1-30” light oil well commenced production on January 23rd and has delivered an average production rate of 435 barrels per day (“bbls/d”) over its first eight days of operation. The 1-30 is located on First Helium’s 100-per-cent-owned, 79,000-acre Worsley landholdings in Northern Alberta, Canada.

“Cash flow from the 1-30 well will be deployed to accelerate the exploration and development of … Continue Reading

TSXV: HELI   FRA: 2MC

Drilling of the “4-29” Well Planned for Mid-February

Calgary, AB, Jan. 26, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today announced that it has received its license from the Alberta Energy Regulator (“AER”) to drill its second exploration well, the “4-29“, which is located on First Helium’s 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. The Company expects to begin drilling operations in mid-February, 2022.

“Identified by a comprehensive 3D seismic study, the “4-29” well location at Worsley will be drilled as a follow … Continue Reading

TSXV: HELI   FRA: 2MC

CALGARY, AB, Jan. 19, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today provided a summary highlighting the Company’s achievements during the past year and planned initiatives for the next 12 months.

“In 2021, First Helium achieved a number of significant milestones which have substantially increased the Company’s underlying value and positioned us to become a leader in Canadian helium exploration and development,” said Ed Bereznicki, President & Chief Executive Officer of First Helium. “2021 milestones included aggregate capital raises of CAD$12 million; listing on the … Continue Reading

CALGARY, AB, Jan. 11, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today announced that it has delivered for sale over 1,100 barrels of light crude oil, realizing over $90,000 in sales revenue for the Company.

“In December, First Helium delivered approximately 1,100 barrels of light oil, produced during flow-testing of its 1-30 discovery well. The sale of that oil signifies the first revenue and a significant milestone for the Company as it continues with its exploration and development of helium gas in the Worsley area,” said Ed Bereznicki, President & … Continue Reading

TSXV: HELI   FRA: 2MC

Company Re-Confirms 1.3% Helium Content at 15-25 Discovery Well

CALGARY, AB, Dec. 16, 2021 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), today announced that it has closed a transaction (the “Acquisition“) to acquire an aggregate of six kilometers of strategic natural gas gathering pipeline assets (the “Pipeline Assets“) at Worsley. Consideration for the Acquisition was the assumption of future abandonment and reclamation liabilities of four wells. The Acquisition is subject to normal regulatory approvals.

“Closing of the Acquisition accelerates the commercial development of our helium project at … Continue Reading

TSXV: HELI   FRA: 2MC

Significant Initial Production Revenue Anticipated in Q1/2022

CALGARY, AB, Dec. 7, 2021 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (FRA: 2MC), a helium exploration company with access to significant development opportunities across western Canada, today announced that it has drilled, completed and tested the Company’s first exploration well on the Company’s Worsley Property (the “1-30”).  Upon completion, the 1-30 flowed 419 barrels per day (“bbl/d”) of 35-degree API light oil from the Leduc Formation over a test period of 72 hours on a minimal drawdown. First Helium is preparing … Continue Reading