Mar. 4 at 5:03 PM
$FHELF This wiil pay soon , big potential here .
First Helium (TSXV: HELI) is currently targeting Q4 2025 to begin its primary helium production.
Here is the translated summary of their operational timeline and strategy:
Existing Infrastructure: The Worsley project utilizes an existing natural gas gathering system, which is expected to fast-track the timeline for bringing helium to market.
Processing Facility: The company is working on installing a helium purification unit to process gas from its "15-25" discovery well.
Immediate Revenue Generation: While scaling up helium operations, First Helium is already generating cash flow from light oil production (wells 1-30 and 4-29) and a new heavy oil discovery announced in March 2025.
Offtake Agreement: A long-term sales agreement is in place with a major industrial gas company to purchase up to 80% of the helium production from the 15-25 Wells