First Helium Inc. ( (TSE:HELI) ) has provided an announcement.
First Helium Inc. announced significant discoveries at its Worsley Project, including a shallow heavy oil find and the extension of a helium-enriched natural gas play. The shallow heavy oil discovery, confirmed through the 7-30 and 7-15 wells, presents a large, repeatable development opportunity with attractive economic returns, prompting the company to prepare a development plan. Additionally, the extension of the Blue Ridge helium-enriched natural gas play to the eastern part of the Worsley land base enhances the potential for large-scale development, making it appealing to potential partners.
More about First Helium Inc.
First Helium Inc. operates in the energy sector, focusing on the exploration and development of helium and oil resources. The company is engaged in identifying and developing helium-enriched natural gas plays and shallow heavy oil opportunities, primarily within its Worsley land base.
YTD Price Performance: 12.50%
Average Trading Volume: 313,524
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.63M
See more data about HELI stock on TipRanks’ Stock Analysis page.