First Helium Successfully Completes Drilling of 7-15 Well
CALGARY, Alberta — First Helium Inc. (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) has made significant strides in its exploration operations by completing the drilling of the 7-15 well located within its Worsley Property in Northern Alberta. This accomplishment not only underscores the company’s commitment to advancing its resources but also marks a crucial phase in its development strategy.
Project Overview and Efficient Planning
Despite encountering challenging winter conditions, the drilling of the 7-15 well was completed on schedule and within budget. Ed Bereznicki, the President & CEO of First Helium, stated, "We are pleased to have completed drilling our 7-15 well which was delivered on time and within budget." This successful endeavor is a testament to First Helium's robust operational capabilities.
The 7-15 well has been cased successfully for completion and testing, and the plan is set to move forward with the completion and testing of both the 7-15 and the 7-30 wells. Given their proximity, only 6 kilometers apart, the operations will benefit from enhanced efficiency, allowing seamless completion processes.
Strategic Preparation for Spring Operations
To optimize operations, necessary preparations are currently underway to ensure both wells are completed, equipped, and tied-in ahead of the spring break-up period in Alberta. This phase is critical, as it entails a period when provincial highway restrictions limit the movement of heavy equipment from mid-March through May.
About First Helium Inc.
First Helium boasts a talented Senior Executive Team with diverse expertise in Oil & Gas Exploration, Operations, Mining, Finance, and Capital Markets. With a strong vision, the company aims to become a leading independent provider of helium gas across North America.
Currently, First Helium owns over 53,000 acres along the Worsley Trend, a highly prospective area in Northern Alberta that has been central to its exploration and drilling activities. Building on prior successes such as the 15-25 helium discovery well, First Helium is strategically positioned to explore numerous follow-up drilling sites, utilizing an expansive infrastructure that enhances future exploration and development strategies.
Advancements in Exploration and Development
The cash flow generated from successful oil wells at the Worsley project provides vital support for First Helium's ongoing exploration and development initiatives. This dual focus on both helium and oil positions the company to capitalize on a broad range of opportunities, further enhancing its market presence.
Contact Information
For additional information about First Helium and its operations, please feel free to reach out via email at ir@firsthelium.com or by phone at 1-833-HELIUM1 (1-833-435-4861).
Frequently Asked Questions
What is the latest development for First Helium?
First Helium has completed drilling its 7-15 well at the Worsley Property and is preparing for completion and testing of multiple wells.
Why is the 7-15 well significant?
The 7-15 well completion marks a pivotal step in First Helium's exploration strategy and supports their goal of expanding helium production in North America.
How does weather affect drilling operations?
Adverse winter conditions can challenge the drilling process, but First Helium successfully navigated these issues to complete their drilling on time and within budget.
What is the future plan for the Worsley Property?
Future operations aim to complete and equip the completed wells before the spring break-up, allowing for systematic development across their extensive land base.
How can I follow up on updates from First Helium?
Investors and interested parties can contact First Helium through their investor relations email or check their official website for the latest updates and news.
