Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

First Helium Inc (HELI)

TSXV
Currency in CAD
Disclaimer
0.05
0.00(0.00%)
Delayed Data

HELI Comments

First Helium announces commencement of drilling at their 14-23 helium target well in their 79,000 landholdings on Worley (Northern Alberta). This drilling provides an opportunity to build on the identified helium contingent resource from their 15-25 well w/ helium gas processing facility for 15-25 planned later this year.
First Helium announced on Wednesday the completion of drills and testing at their second exploration well at their Worsley project. With the positive results with 4-29 well flowing 467 bbl/d - they are now preparing to bring 4-29 into production by early Q2 2022. Based on these promising results, Cormark Securities inc. stands by a buy rating and also upgraded the price target from $0.65 to $2.
First Helium shares a progress update in their evaluation of ~880k acres of prospective helium lands. Into Q4 '21, 125K acres of selected land, all with significant seismic data coverage and close proximity to proven helium producers, will be continued under Option Agreement terms for further evaluation leading toward drilling.
First Helium ($HELI.v) is a solid play in the sector with growing demands and short-supplied helium economy. There are forthcoming updates about their extremely promising Worsley property with an estimated value of $15M! 3-well drilling program to kick off this fall.
One of my helium plays, First Helium completes prelim engineering study of infrastructure required to bring Worsley Property into production. Based on this study, $HELI will have a range of options to bring the Worsley Well, and others, onstream. Next steps are to finalize the processing strategy with a timeline from 9-15 months. The independent report estimates the contingent resources associated with First Helium's Worsel Well to have a net-present value (discounted at 10%) of ~$15M.
Helium prices coming off bottoms & now is the ideal time to buy. Calling out $HELI as a great entry buy. I'm holding out for updates on their flagship Worsley property which has serious confirmed helium discoveries and content.
First Helium Inc announcing its communications roadmap, of note the company's plans to highlight key areas of advancement over the near term: -Worsley Property Development -Worsley Trend Evaluation and Land Activity -Seismic Acquisitions and Proprietary Corporate Seismic Program -Addition of Substantial Prospective Land and Seismic Review Packages -Team Additions At it's current price, this looks like a solid entry point, there's strong volume (~2.06M avg 3 months) backing the momentum of this stock coming out of a dip.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.