First Helium received its license for its 3rd helium exploratory well, the "14-23", from the Alberta Energy Regulator. The well is located close to its 15-25 well which flow tested at 2 mmcf/d of raw gas with a helium concentration of 1.3% and 65% natural gas. The Company expects to begin drilling operations imminently. First Helium is currently securing a helium off-take agreement after which it will look to bring online a helium gas processing facility.
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