Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Why First Helium Shares Are Surging Today

TSXV Natural Gas Oil Alberta Canada
  • First Helium Inc. (TSXV:HELI) (OTC:FHELF) intends to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in Alberta, Canada.
  • The wells will target potential natural gas accumulations, expected to contain commercial quantities of helium gas and natural gas.
  • Based on associated historic data, helium content ranges from 0.5% to 1.9% across the Worsley Property. 
  • The wells will be funded from cash on hand, accumulated from the company's oil production operations.
  • "With attractive near to mid-term helium and natural gas pricing indications, we are focusing our efforts on adding additional helium volumes to our successful 15-25 helium discovery well and plan to begin producing as soon as possible," commented CEO Ed Bereznicki.
  • Price Action: HELI shares are trading higher by 12.24% at C$0.55 on TSXV, and FHELF is higher by 28.1% at $0.42 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Charli XCX Responds to Claims Taylor Swift Inspired Her Song "Sympathy Is a Knife"
"I don’t want to be in those situations physically when I feel self-doubt."
Marie Claire
Marie Claire
Ben Affleck Reportedly Hasn't Been in Contact with Jennifer Lopez's Children at All
"It’s like he left, but she is especially close to his kids."
Marie Claire
Marie Claire
‘Job applications at MI5 went through the roof’: how we made Spooks
‘We killed off Lisa with a deep fat fryer in episode two – to show that no one was safe. I heard that JJ Abrams played it to his writers and said, “This is how you do it!”’’
The Guardian - UK
The Guardian - UK
In domestic violence cases, police are more likely to make arrests when pets are abused, too
Nearly two-thirds of U.S. households have at least one pet, and almost all see their pet as a family member.
The Conversation
The Conversation
The orchid and dandelion phenomenon in brain aging: Personalizing cognitive health approaches for older adults
As the global population ages, understanding the variability in cognitive aging becomes increasingly important. Why do some individuals remain cognitively sharp while others experience significant decline?
The Conversation
The Conversation
Poem of the week: When you Wake you’ll Believe you are a Theatre Critic by Aaron Kent
The loneliness of the critic is not always based on intellectual arrogance. It might originate from unbiased integrity
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play