First Helium to Advance Drilling Operations at Worsley Project

First Helium Inc. ( (TSE:HELI) ) has provided an update.

First Helium Inc. has secured a drilling rig to execute back-to-back drilling operations at its Worsley project locations 7-30 and 7-15, targeting Leduc light oil. This strategic move aims to reduce mobilization costs and streamline operations, with the potential for immediate cash flow and significant value for shareholders if successful, positioning the company for enhanced industry presence and stakeholder benefits.

More about First Helium Inc.

First Helium Inc. operates in the oil and gas industry, focusing on exploration and development of helium resources. The company is also involved in light oil projects, with a key emphasis on the Worsley area.

YTD Price Performance: 37.50%

Average Trading Volume: 845,460

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$11.76M

Learn more about HELI stock on TipRanks’ Stock Analysis page.