First Helium Inc. (“First Helium” or the “Company”) (TSXV:
HELI) (OTCQB: FHELF) (FRA: 2MC) today announced details of
a webinar to highlight First Helium’s plans to test key exploration
targets at the Company’s 100% owned Worsley property in Northern
Alberta during the fourth quarter of 2024. Based on a thorough
evaluation of recently acquired proprietary 3D seismic data, the
Company has identified a significant anomaly in the Leduc Formation
which it believes to be prospective for oil.
“Our geoscience team, led by Marc Junghans,
worked up the Leduc oil and Blueridge natural gas opportunities.
Marc is a relatively new addition to our team but has been involved
with numerous start-up oil and gas companies, including Compton
Petroleum, where he was instrumental in growing the company from
1,500 boe/d to over 33,000 boe/d in his role as VP Exploration. If
successful, these operations will set the stage for immediate cash
flow for the Company, coupled with the accelerated development of
oil and helium enriched natural gas at Worsley, executed alone or
with larger partners,” said Ed Bereznicki, President & CEO of
First Helium. “We look forward to presenting these exciting
opportunities to showcase the multi-commodity nature of our Worsley
asset, and I encourage all current shareholders and other
interested parties to join us for the webinar”, added Mr.
Bereznicki.
The webinar will be held on September
4th, 2024 at 2:30pm Mountain
Standard Time (1:30pm PST, and 4:30pm EST), and presented via
Microsoft Teams. In order to participate in the webinar, please
pre-register at
https://events.teams.microsoft.com/event/f32cb497-edf1-4d56-9df9-ad0ce5c1f81b@3961cb80-2e3d-4b6b-ba4b-cb5492fabf0b,
by 2:30pm MST on September 3rd,
2024.
Highlights:
Following a brief introduction by Ed Bereznicki,
President & CEO, Mr. Marc Junghans, head of Geology and Asset
Development, will walk participants through two significant
opportunities planned for Q4 2024, including:
- Leduc Formation:
Drilling of the potentially transformational, structural feature in
the Leduc Formation targeting oil, with the potential for
helium-enriched natural gas; and
- Blue Ridge
Formation: Completion and testing of the previously
drilled 5-27 horizontal well to establish a repeatable, high
margin, helium-enriched natural gas play targeted to deliver
significant volumes of helium gas production.
Management Biography:
Marc Junghans, P. Geol. brings over 40 years of
exploration, development, and asset evaluation experience in both
the Western Canadian Sedimentary Basin and the U.S., at the senior
and executive level roles, for both public and private oil &
gas companies such as Compton Petroleum Corporation, Anderson
Exploration Ltd., Husky Energy Inc., Tundra Oil & Gas, and
Amicus Petroleum. He has also been the founding member of numerous
private oil & gas entities, and during his career has overseen
the drilling of over 170 horizontal and numerous vertical wells
across Alberta, Saskatchewan and Manitoba.
ABOUT FIRST HELIUM
Led by a core Senior Executive Team with diverse
and extensive backgrounds in Oil & Gas Exploration and
Operations, Mining, Finance, and Capital Markets, First Helium
seeks to be one of the leading independent providers of helium gas
in North America.
First Helium holds over 53,000 acres along the
highly prospective Worsley Trend in Northern Alberta which has been
the core of its exploration and development drilling activities to
date.
Building on its successful 15-25 helium
discovery well at the Worsley project, the Company has identified
numerous follow-up drill locations and acquired an expansive
infrastructure system to facilitate future exploration and
development across its Worsley land base. Cash flow from its
successful oil wells at Worsley has helped support First Helium's
ongoing exploration and development growth strategy. Further
potential oil drilling locations have also been identified on the
Company's Worsley land base.
For more information about the Company, please
visit www.firsthelium.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Edward J. BereznickiPresident, CEO and Director
CONTACT INFORMATION
First Helium Inc.Investor RelationsEmail:
ir@firsthelium.comPhone: 1-833-HELIUM1 (1-833-435-4861)
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
This press release contains forward looking
statements within the meaning of applicable securities laws. The
use of any of the words “anticipate”, “plan”, “continue”, “expect”,
“estimate”, “objective”, “may”, “will”, “project”, “should”,
“predict”, “potential” and similar expressions are intended to
identify forward looking statements. In particular, this press
release contains forward looking statements concerning the
completion of future planned activities. Although the Company
believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company cannot give any assurance that they will prove correct.
Since forward looking statements address future events and
conditions, they involve inherent assumptions, risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of assumptions, factors and
risks. These assumptions and risks include, but are not limited to,
assumptions and risks associated with the state of the equity
financing markets and regulatory approval.
Management has provided the above summary of
risks and assumptions related to forward looking statements in this
press release in order to provide readers with a more comprehensive
perspective on the Company’s future operations. The Company’s
actual results, performance or achievement could differ materially
from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of
the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits the
Company will derive from them. These forward-looking statements are
made as of the date of this press release, and, other than as
required by applicable securities laws, the Company disclaims any
intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or results or otherwise.
SOURCE: First Helium Inc.
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