First Helium Adds 0.5 mmboe 2P Light Oil Reserves at Worsley

First Helium's latest reserve report has attributed 2P gross reserves of 505kbbl of light oil with corresponding NPV 10% of C$24.6 million for its oil property at Worsley. First Helium has also received revenue of ~C$1.2 mm in late July for oil volumes that it delivered for sale during June. First Helium has now completed the FEED study of a larger scale helium processing facility which can be applied to meet the immediate timing requirements of its 15-25 single well helium processing facility.

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