First Helium Inc. (TSE:HELI) has released an update.
First Helium Inc. has announced the discovery of a significant new structure within the Leduc Formation at its Worsley property, which could potentially yield oil, natural gas, or helium. This structure is notably larger than their previous oil pool discovery that has already produced 113,000 barrels of oil, generating $13 million in revenue. The company plans to drill into this promising feature later in the year, building on the success of their prior wells and 3D seismic data interpretation.
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