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The latest update is out from First Helium Inc. ( (TSE:HELI) ).
First Helium Inc. has successfully drilled and cased its 7-30 well at the Worsley Property, encountering several promising zones for oil, natural gas, and helium. The company is now moving its rig to the 7-15 location for further drilling, with potential results expected to de-risk their Leduc Play and provide immediate financial benefits. The proximity of the drilling sites allows for cost-efficient operations, and preparations are in place to complete and equip the wells before spring restrictions.
More about First Helium Inc.
First Helium Inc. operates in the energy sector, focusing on the exploration and development of helium, oil, and natural gas resources. The company is engaged in activities primarily located at its Worsley Property in Northern Alberta, where it aims to leverage its proprietary 3D seismic data to identify and develop resource-rich locations.
YTD Price Performance: 50.0%
Average Trading Volume: 337,711
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$12.83M
See more insights into HELI stock on TipRanks’ Stock Analysis page.