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First Helium Inc. ( (TSE:HELI) ) has provided an announcement.
First Helium Inc. has commenced drilling its 7-15 exploration well at the Worsley Property in Northern Alberta, targeting the Leduc light oil formation. This well, identified through proprietary 3D seismic data, aims to de-risk the Leduc Play, where the company has identified additional primary locations. The success of this venture could lead to further development opportunities and increased shareholder value, as the company plans to evaluate multi-zone potential for oil, natural gas, and helium across its 100% owned land base.
More about First Helium Inc.
First Helium Inc. operates in the energy sector, focusing on the exploration and production of oil, natural gas, and helium. The company is engaged in developing its assets in Northern Alberta, with a significant interest in the Leduc formation, a known source of light oil.
YTD Price Performance: 44.44%
Average Trading Volume: 347,237
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$13.9M
For a thorough assessment of HELI stock, go to TipRanks’ Stock Analysis page.
