First Helium Advances Production Facility and Exploration Program
- AKAP
- Oct 3, 2023
- 3 min read
First Helium is progressing with its Worsley helium production facility and exploration program in Alberta. The company is moving forward with installing a helium processing facility for its Worsley helium well and has identified opportunities for oil, natural gas, and helium drilling. The design for the production facility is complete, and key equipment vendors are being secured, with construction expected to commence in early 2024. Financing options are being considered. The company’s approach in the multi-product exploration area (oil + helium reserves) sets it apart from competitors. Recompletions and new drill targets present significant value and cash flow potential. Additionally, the company clarified details about its Investor Relations Agreement.