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  • Nov 20, 2024

  • Nov 13, 2024

      Show headlines and story abstract
    • 7:30AM ET on Wednesday Nov 13, 2024 by Dow Jones
      Companies Mentioned: HELI

      First Helium Initiates Process to License & Drill the Leduc Anomaly

      Company Provides Update on Planned Activities for Next 4 Months

      CALGARY, Alberta, Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed its field survey activities and selected the surface location for its Leduc anomaly test well planned for drilling this winter. The survey will be used to prepare necessary regulatory applications for drilling approval. The well location has been selected based on a thorough evaluation of recently acquired proprietary 3D seismic data where the Company has identified a significant anomaly in the Leduc Formation which it believes to be prospective for oil. To date, the Company has drilled two successful Leduc oil wells at Worsley, including the 1-30 and 4-29 Leduc oil pool discoveries, respectively, which together have produced more than 113,000 barrels of light oil, generating in excess of $13 million in revenue and $8 million in cash flow.
  • Oct 30, 2024

      Show headlines and story abstract
    • 7:20PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: HELI

      First Helium Closes Upsized $3.64 Million Placement

      Not for distribution to United States newswire services or for dissemination in the United States.

      CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced the closing of its upsized non-brokered private placement financing which was previously announced in the Company's press release dated October 16, 2024 and October 21, 2024. First Helium issued 60,666,671 units ("Units") at a price of $0.06 per Unit for gross proceeds of $3,640,000.26 (the "Offering). All monetary figures in Canadian Dollars.