First Helium plans to drill a "proven undeveloped" light oil (PUD) location and re-enter an existing well bore to test multiple zones for oil and gas with potential helium content in the Worsley area. The move is expected to boost oil production and cash flow, supporting ongoing helium exploration efforts. Additionally, First Helium intends to complete a private placement to raise up to C$2.5mm for exploration activities and working capital, with management and insiders committing to a minimum of C$1mm.
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