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First Helium Inc. ( (TSE:HELI) ) has issued an announcement.
First Helium Inc. has commenced drilling at its 7-30 undeveloped light oil well at the Worsley Property in Northern Alberta, with plans to proceed to the 7-15 location shortly after. This strategic move aims to further de-risk the Leduc Play, potentially generating immediate cash flow and significant near-term value for shareholders, as the company prepares to systematically develop its extensive land base.
More about First Helium Inc.
First Helium Inc. operates within the energy sector, focusing on the exploration and production of helium and light oil. The company is engaged in developing its Worsley Property in Northern Alberta, leveraging proprietary 3D seismic data to expand its operations and enhance shareholder value.
YTD Price Performance: 33.33%
Average Trading Volume: 394,354
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$12.83M
For a thorough assessment of HELI stock, go to TipRanks’ Stock Analysis page.
