First Helium CEO Ed Bereznicki: Bringing the Worsley Property into Manufacturing in 2022


First Helium (TSXV:HELI) efficiently examined its first discovery properly and is now wanting ahead to bringing it into manufacturing in 2022. The corporate can be exploring future helium sources on an underdeveloped land base in Worsley, Alberta.

First Helium CEO Ed Bereznicki shares a number of the thrilling issues that the corporate is engaged on.

“Our key property is positioned in Northern Alberta, simply north of Grand Prairie; we now have an present properly, known as 15 of 25, which is examined efficiently on quite a few instances for helium,” Bereznicki stated. “We’re wanting ahead to bringing that properly into manufacturing. It has been examined at 1.3 %. And pending facility building and website preparation, we would be bringing that properly into manufacturing in about 9 to 12 months.”

The corporate has performed intensive geological and geophysical work on the Worsley areas, that are roughly 79,000 acres. First Helium bought extra land and recognized quite a few different potential drill areas within the space. Bereznicki added that the corporate has entry to a whole lot of knowledge from earlier drilling and operations, enabling it to know the place the helium resides, and the place it might probe for it and convey it into manufacturing. First Helium recognized three offsetting drill areas in the identical space.

“The latest drill that we introduced in December turned out to be a profitable oil properly, along with permitting us to look at different helium zones and horizons that we might look to discover additional elsewhere on the property. We’ll be producing about 400 barrels a day from this properly, which can give us some monetary flexibility,” he stated.

“Our purpose could be to carry on plenty of wells and set up a bigger processing facility within the Worsley space. After which probably liquefaction sooner or later relying on the dimensions of the quantity. So the upside actually lies to find extra helium and bringing that helium on for manufacturing and sale.”

Watch the total interview of First Helium CEO Ed Bereznicki above.

Disclaimer: This interview is sponsored by First Helium’s (TSXV:HELI). This interview gives data that was sourced by the Investing Information Community (INN) and permitted by First Helium as a way to assist traders be taught extra concerning the firm. First Helium is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.

INN doesn’t present funding recommendation and the knowledge on this profile shouldn’t be thought-about a advice to purchase or promote any safety. INN doesn’t endorse or advocate the enterprise, merchandise, providers or securities of any firm profiled.

The data contained right here is for data functions solely and isn’t to be construed as a suggestion or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all data publicly out there regarding the firm. Prior to creating any funding determination, it is strongly recommended that readers seek the advice of immediately with First Helium and search recommendation from a professional funding advisor.

This interview might include forward-looking statements together with however not restricted to feedback concerning the timing and content material of upcoming work packages, receipt of property titles, and so forth. Ahead-looking statements handle future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at present anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in firms comes with uncertainties as market values can fluctuate.


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