First Helium to Host Webinar on High-Impact Exploration Targets
CALGARY, Alberta — First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) has recently shared details about an upcoming webinar aimed at showcasing the Company’s exploration plans for key targets at its wholly owned Worsley property in Northern Alberta. This event is set for the fourth quarter and follows an extensive analysis of newly acquired 3D seismic data, which has identified a significant anomaly in the Leduc Formation believed to have oil prospects.
Webinar Details
The webinar is scheduled for September 4, 2024, at 2:30 pm Mountain Standard Time and will be conducted via Microsoft Teams. To participate, attendees must pre-register by September 3, 2024, at 2:30 pm MST.
Exploration Opportunities at Worsley
Ed Bereznicki, President & CEO of First Helium, expressed his enthusiasm about the progress made by the geoscience team, led by Marc Junghans, in evaluating the Leduc oil and Blueridge natural gas prospects. Although Junghans is a relatively new member of the team, he comes with an impressive track record, having previously guided Compton Petroleum from 1,500 to over 33,000 barrels of oil equivalent per day as VP of Exploration.
Bereznicki noted, “If successful, our operations at Worsley could lead to immediate cash flow and significantly boost the development of oil and helium-rich natural gas, potentially in partnership with larger companies if needed.”
Presentation Highlights
After an introduction by Bereznicki, Marc Junghans will delve into two major exploratory opportunities planned for Q4 2024:
Leduc Formation and Blue Ridge Formation
Leduc Formation: This initiative involves drilling a key structural feature aimed at targeting oil within the Leduc Formation, which may also yield helium-enriched natural gas.
Blue Ridge Formation: The plan includes completing and testing the previously drilled 5-27 horizontal well, with the goal of establishing a repeatable and profitable helium-enriched natural gas play to produce significant volumes of helium gas.
Leadership and Expertise
Marc Junghans, P. Geol., is at the forefront of geology and asset development, bringing over 40 years of extensive experience in exploration, development, and asset evaluation in both the Western Canadian Sedimentary Basin and the U.S. His career encompasses significant roles in various public and private oil and gas companies, overseeing the drilling of more than 170 horizontal wells and numerous vertical wells across Alberta, Saskatchewan, and Manitoba.
About First Helium
First Helium is supported by a robust Senior Executive team with vast experience in oil and gas exploration and operations, mining, finance, and capital markets. The Company is focused on becoming a leading independent provider of helium gas throughout North America.
With ownership of over 53,000 acres in the highly promising Worsley Trend in Northern Alberta, First Helium has concentrated its exploration and drilling efforts in this region.
After a successful helium discovery at the 15-25 well in the Worsley project, the Company has identified several follow-up drilling locations and developed extensive infrastructure to support future exploration initiatives across its landholdings. Additionally, cash flow from successful oil wells at Worsley has played a crucial role in enabling First Helium's ongoing exploration and development strategy. The Company has also pinpointed additional potential drilling sites within the Worsley land base.
Contact Information
For more information about First Helium, please contact the Investor Relations team via email at ir@firsthelium.com or call 1-833-HELIUM1 (1-833-435-4861).
Frequently Asked Questions
What is the purpose of the webinar announced by First Helium?
The webinar aims to highlight First Helium's exploration targets at the Worsley property and showcase its plans for potential oil and gas developments.
Who will present during the webinar?
The webinar will feature Ed Bereznicki, the President & CEO, and Marc Junghans, head of Geology and Asset Development, presenting significant exploration opportunities.
When is the webinar scheduled?
The webinar will take place on September 4, 2024, at 2:30 pm Mountain Standard Time.
What specific exploration targets will be discussed?
The discussion will center around the Leduc Formation and the Blue Ridge Formation, focusing on their oil and helium-enriched natural gas prospects.
How has First Helium's leadership contributed to its success?
First Helium's leadership boasts extensive industry experience, contributing to strategic decision-making and successful exploration efforts across its assets, especially at Worsley.
