First Helium completed testing its exploration well on the Worsley property and is scheduling a plan to have it production-ready by Q1'22. This will come at a cost of ~C$0.5 million leading to significant cash flows in 2022. The company estimated a payback period of six months based on the current production rate of 400 bbl/d.
First Helium announces “1-30” light oil discovery at Worsley
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