First Helium announced that its 1-30 exploration well at Worsley tested over 400bbl/d of light oil. While helium was not encountered, the 1-30 well saw an excellent light oil discovery that will generate near-term cash flow to help fund additional exploration and development activities along the Worsley trend. First Helium is also exploring opportunities on the property for other light oil locations and looking for alternatives to monetize 1-30's asset value. The company is also working on selecting the next drilling location which it plans to commence in early 2022.
First Helium's Worsley Exploration Well Produces Oil
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