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First Helium Expands Drilling at Worsley with New Targets

First Helium's 3D seismic data evaluation of its Worsley project in Alberta revealed a large structure within the Leduc Formation, surpassing the scale of its previous 1-30 Leduc oil pool discovery. This discovery has already contributed to C$13mm in revenue from 113kbbl of light oil. The company plans to drill the new structure later in 2024, with the potential to yield oil, natural gas and associated helium. Success in this venture could enable the establishment of a second operating hub, enhancing operational efficiency and expanding First Helium’s footprint on its core lands.

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