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First Helium Oil Production from its 1-30 Well in Early February

After successfully delivering its first 1,100 barrels of light crude that was discovered at First Helium's 1-30 well, the company has estimated that the facility should be up and running for full production by next month (February 2022). First Helium will complete construction and commissioning of an oil battery at 1-30, including the installation of multiple storage tanks to mitigate seasonal weather impacts, reduce downtime and allow tank treating to minimize operating costs. The expected flow rate at the plant is 400 bbl/d.

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