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.
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