First Helium plans to bring its 1-30 oil well into full production by early February and generate a recurring cash flow. It then plans on drilling multiple locations along the Worsley Trend consisting of both - helium and light oil accumulations. It also plans on drilling its first helium exploration well in Southern Alberta by the year end. The company will commission an NI 51-101 compliant independent reserve report for 1-30. Lastly, it plans to complete arrangements for the helium gas processing facility at Worsley and acquire strategic assets to boost its exploration campaign for 2022.
First Helium Lays Out Plans for 2022
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