First Helium Inc has completed drilling and made a second light oil discovery with the 4-29 well at Worsley field, Alberta. The 4-29 well flowed at a rate of 467bbl/d of ~35 degree API light oil from the Leduc Formation. Currently the company is conducting minor expansions of its oil facility and the management expects the first cash flow by Q2' 2022 and payback before YE'22.
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