FIRST HELIUM INC - HELI.V

Discussion in 'Penny Stocks' started by Rickydi, Feb 8, 2022.

  1. Rickydi

    Rickydi Active Member

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    HELI.V
    Stock trade @ 4X Cash Flow
    The company is fully funded and drilling m ore wells
    This is a no brainer
    BUY
     
  2. Rickydi

    Rickydi Active Member

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    Simple Moving Avg (30) ——Simple Moving Avg (90) ——
    Buy signal when the MA 30 cross over the MA 90

    upload_2022-2-8_13-12-14.png
     
  3. Rickydi

    Rickydi Active Member

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    V:HELI - FIRST HELIUM INC - http://www.firsthelium.com 12:40:53 EST
    Sym-X.......Bid......Ask....Last....Chg.....Vol
    HELI - V....0.42.....0.43....0.43 +0.025....852.9
     
  4. Rickydi

    Rickydi Active Member

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  5. Rickydi

    Rickydi Active Member

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  6. Rickydi

    Rickydi Active Member

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    HELIUM Market

    A dramatic – and potentially lucrative – scenario may now be unfolding in the markets for one of the most overlooked natural resources on the planet.

    This essential commodity – helium – is used to drive innovation for many of the world’s biggest tech companies...and it is needed to help manufacture everything from medical equipment to computer chips.

    Yet despite its critical importance – and growing demand – a potentially crippling lack of supply has put us on the brink of a critical shortage.

    This supply-demand imbalance has triggered a fast-moving growth opportunity for any exploration and development company that can show potential for significant new helium discovery.

    The Bull Market for Helium Shows No Signs of Slowing Down

    As a noble gas, helium is not combustible and has properties that make it irreplaceable for a number of important industrial applications.

    Helium is the second most abundant element in the universe but it is extremely rare on earth.

    With a global helium shortage looming, it’s estimated that the supply will not keep up with demand for the next 20 years.

    And that is happening as industry demand is projected to increase at a compound annual growth rate of 11% each year through 2037.

    While helium is most commonly thought of as being used for the inflation of balloons, the truth is helium is used in a number of critical parts of daily life.

    * Medical Industry – Helium is used to operate MRI machines and as part of respiratory treatments.

    * Cryogenics – Helium is the only element that can come close to reaching absolute zero.

    * Internet Connectivity – Fiber optic cables must be manufactured in a pure helium environment.

    * Electronics – Many electronics and semiconductors – including mobile phones – require helium to be used at various stages of the production process.

    * Computers – Helium-filled hard drives offer 50% higher storage capacity with 23% lower operating power.

    * Car Air Bags – Helium is the gas of choice for effecting the near instantaneous deployment of air bags in cars.

    Helium is used by companies like Amazon, Google and Netflix to help cool their data centers. And both the U.S. and Canadian governments have recently added helium to their critical minerals lists.

    Not to mention...approximately $12 million worth of helium is needed for a single space rocket launch.

    In fact, the single largest buyer of helium is NASA, consuming almost 75 million cubic feet annually to cool liquid hydrogen and oxygen for rocket fuel.

    And with the highly publicized rocket launches from Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin...that consumption of helium for space launches is only likely to increase in the months ahead.

    That’s why for us Avanti Energy Inc. (TSX: AVN.V; US OTC: ARGYF) right now appears to be such an attractive potential investment.

    Avanti Energy is Led By a Collection of Resource Industry Recognized Veterans

    The Avanti Energy team is comprised of industry recognized veterans, some of whom were (while formerly at Encana) involved in the early stages of the discovery of the Montney Formation, one of the premier natural gas formations in North America.

    Without question, the Avanti Energy team is among the most experienced – and most decorated – in the helium space, with direct experience in developing multi-billion dollar projects from their time at Encana.

    Avanti CEO Chris Bakker has over two decades of experience in oil and gas, most recently working as a commercial negotiator with Encana (now Ovintiv) for major facilities and pipelines in the Montney gas play.
     
  7. Rickydi

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    HELI.V 65.6M S/O + 8M$ cash working cap

    First Helium's 1-30 produces 430 bbl/d in first month

    2022-03-02 12:45 ET - News Release

    Mr. Edward Bereznicki reports

    FIRST HELIUM 1-30 OIL WELL PRODUCTION UPDATE

    First Helium Inc. has confirmed a first-month average daily production of approximately 430 barrels per day of light oil from its successful 1-30 discovery well, which is located on First Helium's 100-per-cent-owned, 79,000-acre Worsley landholdings in Northern Alberta, Canada. The 1-30 well was brought on stream on Jan. 23, 2022. The company has received revenues of approximately $280,000 for January oil production deliveries and, based on expected February pricing, anticipates receiving approximately $1.2-million in late March for February's oil production.

    "With strong production and cash flow from the 1-30 well, we currently expect payout of less than two months for drilling and completion," said Ed Bereznicki, president and chief executive officer of First Helium. "Cash flow from the well will be deployed to help support ongoing helium exploration activities at our Worsley property and our Southern Alberta helium fairway exploration land, which is located near existing third party helium production and recently announced, promising helium exploration results," added Mr. Bereznicki.

    First Helium expects to realize field netbacks of $82 to $88 per barrel based on a current WTI (West Texas Intermediate) price of $85 (U.S.) to $90 (U.S.) per barrel, which is anticipated to provide strong, continuing operating cash flow for the company. The 1-30 well is located near the company's new 4-29 exploration well, which commenced drilling in mid-February, and approximately three kilometres to the southeast of the 15-25 helium well on the core Worsley property.

    About First Helium Inc.

    Led by a core senior executive team with diverse and extensive backgrounds in oil and gas exploration and operations, mining, finance, and capital markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.

    Building on its successful 15-25 helium discovery well at the Worsley project, the company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development of helium across its Worsley land base. Cash flow from its successful 1-30 oil well at Worsley will help support First Helium's continuing helium exploration and development growth strategy.

    First Helium holds over 79,000 acres along the highly prospective Worsley trend in Northern Alberta and 276,000 acres in the Southern Alberta helium fairway, near existing helium production. In addition to continuing its continuing exploration and development drilling at Worsley, the company has identified a number of high-impact helium exploration targets on the prospective Southern Alberta helium fairway lands to set up a second core exploration growth area for the company.

    We seek Safe Harbor.

    © 2022 Canjex Publishing Ltd. All rights reserved.
     
  8. Rickydi

    Rickydi Active Member

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    2022-03-23 09:42 ET - News Release

    Mr. Ed Bereznicki reports

    FIRST HELIUM ANNOUNCES "4-29" LIGHT OIL DISCOVERY AT WORSLEY

    First Helium Inc. has drilled, completed and tested the company's second exploration well on the company's Worsley property, the 4-29. Upon completion of well operations, the 4-29 well flowed 467 barrels per day (bbl/d) of approximately 35-degree API (American Petroleum Institute) light oil from the Leduc formation, representing an oil cut of 67 per cent over a test period of 48 hours on a minimal drawdown. First Helium is preparing to bring the 4-29 well into production in early Q2 2022.

    • Preparations are under way to perform a minor expansion at the company's existing oil facility to put the 4-29 well into production, with first cash flow expected by mid-second quarter of 2022.
    • Oil production from the well will be transported by truck to select receipt terminals and marketed via third party marketing agreements.
    • Cash flow from the well will be deployed to accelerate the exploration and development of helium gas over the company's 79,000 acres of land along the Worsley trend as well as cover continuing corporate costs.
    Management commentary

    Ed Bereznicki, president and chief executive officer of First Helium, stated: "We are extremely pleased with the performance of our second discovery well, the 4-29. Given current commodity pricing of approximately WTI $85 (U.S.) to $90 (U.S.) per barrel, and our estimated field netbacks of $82 to $88 per barrel, we expect the well to pay out in approximately four to six months." Mr. Bereznicki added: "Based on the current implied production trading multiples for Canadian light oil producers, this well represents a significant potential increase in asset value for First Helium shareholders. Capturing the aggregate value of this exceptional exploration success, along with potential development locations, will enhance the company's ability to deliver on its key strategic objective of exploring for and developing helium production in the Worsley trend."

    David Safton, vice-president, geoscience, commented: "The results of the 4-29 well provide additional confirmation of our geologic model over the prolific Worsley trend and bolsters our confidence in our exploration strategy for the region. Our estimate that approximately 20 per cent of Leduc wells along the Worsley trend present as oil wells, and 80 per cent as gas wells with a high probability of potential helium content, highlights the Worsley trend as a very attractive helium exploration area."

    4-29 highlights

    Drilled based on a detailed 3-D seismic evaluation, the 4-29 confirms the company's geologic model over the area; based on the company's assessment of economic Leduc wells along the Worsley trend, approximately 20 per cent have been light oil producers, the balance have been natural gas producers. Key features of the 4-29 include:

    • Production tested at 467 barrels per day of approximately 35-degree API light oil, flowed over a period of 48 hours, representing an oil component of 67 per cent, and a water component of 33 per cent following recovery of completion fluids, with minimal drawdown.
    • At a total drill and complete cost of approximately $2.2-million, production test results for the 4-29 suggest that it is an exceptional vertical oil well in the WCSB.
    • The 4-29 will provide the company with flexibility in securing financing to continue with its primary strategic objective which is to explore and develop its landholdings on the helium-rich Worsley trend.
    • The company intends to engage its independent reserve engineering consultant to evaluate the 4-29, along with the company's first discovery, the 1-30 well, for inclusion in year-end corporate contingent resource and reserve estimates in accordance with 51-101 guidelines. This would include an independent estimate of the net present value of the reserves associated with the 4-29 and 1-30 wells, respectively.
    Next steps

    Based on a further evaluation of these exploration results, First Helium will be confirming its drilling program at Worsley for Q2 and Q3 2022, which will include:

    • Prioritizing its drill prospect inventory for helium, favouring locations which may also provide exposure to the potential for light oil accumulations;
    • Selecting its next helium drill location and commencing drilling in late Q2 or early Q3 2022;
    • Evaluating a number of lower-cost well bore re-entries on the existing Worsley land base;
    • Evaluating further potential light oil development locations in the vicinity of both the 4-29 and 1-30 wells in connection with exploring alternatives to monetize their collective asset value.
    Over Q2 and Q3 2022, the company will evaluate alternatives for monetizing the intrinsic asset value of both 4-29 and 1-30 to further its strategic helium exploration and development objectives. This may include entering into hedging arrangements to guarantee predictable levels of cash flow for continuing project development and the possible underpinning of helium gas processing facility financing alternatives.
     
  10. Rickydi

    Rickydi Active Member

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    New high on heavy volume
     
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    ORIGINAL: First Helium Bolsters Financial Position in March - Receives $1.25 Million for February 1-30 Production and $1.85 Million in Warrants Exercises

    2022-03-29 06:00 ET - News Release

    First Helium Bolsters Financial Position in March - Receives $1.25 Million for February 1-30 Production and $1.85 Million in Warrants Exercises

    Canada NewsWire

    CALGARY, AB, March 29, 2022

    TSXV: HELI OTCQB: FHELF FRA: 2MC

    CALGARY, AB, March 29, 2022 /CNW/ - First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced a significant positive change to the Company's balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants.

    Strong revenues continue through the receipt of payments of $1.25 million for light oil volumes delivered during February from the "1-30" well which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. The 1-30 well was brought on-stream on January 23, 2022, and produced an average of approximately 430 barrels per day ("bbls/d") of light oil during the month of February. The Company also recently announced the successful drilling, completion and testing of its 4-29 light oil discovery well and estimates that it will receive payment in April of approximately $100,000 for volumes of oil produced during the testing operations.

    In addition, during the month of March First Helium has received proceeds of approximately $1,490,500 from the exercise of 2,981,082 warrants with a strike price of $0.50 and approximately $359,000 from the recent exercise of 1,025,812 broker warrants with a strike price of $0.35. Also, in an effort to broaden its potential investor base, First Helium's common shares began trading in the U.S.; its listing was upgraded to the OTCQB on March 14, 2022, under ticker "FHELF".

    "The 1-30 well continues to perform very strongly and we look forward to bringing the 4-29 well on stream next month," said Ed Bereznicki, President & CEO of First Helium. "Total cash proceeds of approximately $3.2 million from the early exercise of warrants along with cash flow from the two wells will be deployed to help support ongoing helium exploration activities at our Worsley Property and our Southern Alberta Helium Fairway exploration land," added Mr. Bereznicki.

    ABOUT FIRST HELIUM

    Led by a core Senior Executive Team with diverse and extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America.

    Building on its successful 15-25 helium discovery well at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development of helium across its Worsley land base. Cash flow from its successful 1-30 and 4-29 oil wells at Worsley will help support First Helium's ongoing helium exploration and development growth strategy.

    First Helium holds over 79,000 acres along the highly prospective Worsley Trend in Northern Alberta, and 276,000 acres in the Southern Alberta Helium Fairway, near existing helium production. In addition to continuing its ongoing exploration and development drilling at Worsley, the Company has identified a number of high impact helium exploration targets on the prospective Southern Alberta Helium Fairway lands to set up a second core exploration growth area for the Company.

    For more information about the Company, please visit www.firsthelium.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Edward J. Bereznicki
    President, CEO and Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

    SOURCE First Helium Inc.

    First Helium Inc., Investor Relations, Email: [email protected], Phone: 1-833-435-4861
     
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    First Helium's 1-30 well averages 430 bbl/d in March

    2022-04-13 14:11 ET - News Release


    Mr. Edward Bereznicki reports

    FIRST HELIUM RECEIVES ADDITIONAL $1.87 MILLION IN WARRANTS EXERCISES AND EXPECTS $1.2 MILLION FOR 1-30 MARCH PRODUCTION

    First Helium Inc. has received an additional $1.87-million in proceeds from recent warrants exercises. In addition, based on expected March pricing and associated government royalty rate escalation as a result of well payout, the Company anticipates receiving revenue of approximately CA$1.2 million in late April for March's oil production. Located on First Helium's 100% owned, 79,000 acre Worsley landholdings, the 1-30 well averaged daily production of approximately 430 barrels per day ("bbls/d") of light oil during March. Cumulative net revenues from 1-30 have enabled the light oil well to recover associated capital drilling and completion costs, or reach "payout", in less than two months.

    "While achieving payout in less than two months is exceptional, the 1-30 well continues to perform very strongly and we forecast that it will continue to contribute significant cash flow to the Company on a monthly basis," said Ed Bereznicki, President & CEO of First Helium. "Additional cash flow is also expected from the new 4-29 oil well, which is on-track to be put on-stream this month. Those cash flow streams, along with incremental cash received of approximately $1.87 million from the exercise of warrants, will further contribute to funding First Helium's ongoing drilling program at Worsley, set to begin following the annual Spring heavy equipment road bans in Northern Alberta," added Mr. Bereznicki.

    In addition to the $1.85 million in warrant proceeds announced in late March, First Helium has received additional proceeds of approximately $1,685,000 from the exercise of 3,370,259 warrants with a strike price of $0.50 and approximately $184,000 from the recent exercise of 526,683 broker and bonus warrants with a strike price of $0.35.
     

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