First Helium's Upcoming Webinar on Exploration Targets
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First Helium to Present Webinar on High Impact Exploration Targets
CALGARY, Alberta — First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) recently announced details of an upcoming webinar to showcase the Company's plans for key exploration targets at the 100% owned Worsley property in Northern Alberta during the upcoming fourth quarter. With the aid of an extensive evaluation of newly obtained 3D seismic data, First Helium has pinpointed a noteworthy anomaly within the Leduc Formation that is believed to hold prospects for oil.
Webinar Details
The webinar is scheduled for September 4, 2024, at 2:30 pm Mountain Standard Time, and will be hosted via Microsoft Teams. Participation requires pre-registration by September 3, 2024, at 2:30 pm MST.
Key Opportunities at Worsley
Ed Bereznicki, the President & CEO of First Helium, enthusiastically explained that the geoscience team, led by Marc Junghans, has made significant progress in evaluating both the Leduc oil and Blueridge natural gas prospects. Junghans, though a relatively recent addition to the team, has a remarkable track record of success, having guided Compton Petroleum from 1,500 to over 33,000 barrels of oil equivalent per day as VP of Exploration.
“If successful, our operations at Worsley will potentially lead to immediate cash flow and greatly enhance the development of oil and helium-rich natural gas in collaboration with larger partners if necessary,” highlighted Bereznicki.
Highlights of the Presentation
Following an introduction by Bereznicki, Marc Junghans will provide an in-depth discussion covering two significant exploratory opportunities planned for Q4 2024:
Leduc Formation and Blue Ridge Formation
Leduc Formation: This involves drilling a transformative structural feature targeting oil within the Leduc Formation, potentially accompanied by helium-enriched natural gas.
Blue Ridge Formation: This plan includes the completion and testing of the previously drilled 5-27 horizontal well, with an aim to establish a repeatable and lucrative helium-enriched natural gas play to produce substantial volumes of helium gas.
Leadership and Expertise
Marc Junghans, P. Geol., leads the charge in geology and asset development, bringing over 40 years of rich experience in exploration, development, and asset evaluation across both the Western Canadian Sedimentary Basin and the U.S. His career includes significant roles in various public and private oil and gas companies, having overseen the drilling of more than 170 horizontal and numerous vertical wells across Alberta, Saskatchewan, and Manitoba.
About First Helium
First Helium is backed by a strong Senior Executive team with extensive experience in oil and gas exploration and operations, mining, finance, and capital markets. The Company aims to position itself as a leading independent provider of helium gas across North America.
Owning over 53,000 acres along the highly promising Worsley Trend in Northern Alberta, First Helium has concentrated its exploration and drilling activities significantly in this area.
Following a successful helium discovery at the 15-25 well in the Worsley project, the Company has identified various follow-up drilling locations and built extensive infrastructure to support future exploration initiatives across its landholdings. Moreover, cash flow from successful oil wells at Worsley has been instrumental in facilitating First Helium's ongoing exploration and development strategy. The Company has also identified additional potential drilling sites within the Worsley land base.
Contact Information
For further inquiries about First Helium, please reach out to 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.
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