First Helium CEO Ed Bereznicki: Bringing the Worsley Property into Manufacturing in 2022

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First Helium (TSXV:HELI) efficiently examined its first discovery nicely and is now trying ahead to bringing it into manufacturing in 2022. The corporate can also be exploring future helium assets on an underdeveloped land base in Worsley, Alberta.

First Helium CEO Ed Bereznicki shares a few of the thrilling issues that the corporate is engaged on.


“Our key property is situated in Northern Alberta, simply north of Grand Prairie; we’ve got an current nicely, known as 15 of 25, which is examined efficiently on quite a few occasions for helium,” Bereznicki mentioned. “We’re trying ahead to bringing that nicely into manufacturing. It has been examined at 1.3 %. And pending facility development and web site preparation, we might be bringing that nicely into manufacturing in about 9 to 12 months.”

The corporate has carried out in depth geological and geophysical work on the Worsley areas, that are roughly 79,000 acres. First Helium bought further land and recognized quite a few different potential drill places within the space. Bereznicki added that the corporate has entry to numerous information from earlier drilling and operations, enabling it to know the place the helium resides, and the place it could probe for it and produce it into manufacturing. First Helium recognized three offsetting drill places in the identical space.

“The current drill that we introduced in December turned out to be a profitable oil nicely, along with permitting us to look at different helium zones and horizons that we might look to discover additional elsewhere on the property. We’ll be producing about 400 barrels a day from this nicely, which is able to give us some monetary flexibility,” he mentioned.

“Our aim could be to carry on numerous wells and set up a bigger processing facility within the Worsley space. After which doubtlessly liquefaction sooner or later relying on the scale of the quantity. So the upside actually lies to find extra helium and bringing that helium on for manufacturing and sale.”

Watch the complete interview of First Helium CEO Ed Bereznicki above.

Disclaimer: This interview is sponsored by First Helium’s (TSXV:HELI). This interview gives info that was sourced by the Investing Information Community (INN) and accredited by First Helium in an effort to assist buyers be taught extra in regards to the firm. First Helium is a consumer of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.

INN doesn’t present funding recommendation and the knowledge on this profile shouldn’t be thought-about a suggestion to purchase or promote any safety. INN doesn’t endorse or advocate the enterprise, merchandise, companies or securities of any firm profiled.

The data contained right here is for info functions solely and isn’t to be construed as a suggestion or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly obtainable in regards to the firm. Prior to creating any funding resolution, it is strongly recommended that readers seek the advice of instantly with First Helium and search recommendation from a professional funding advisor.

This interview could include forward-looking statements together with however not restricted to feedback relating to the timing and content material of upcoming work packages, receipt of property titles, and so on. Ahead-looking statements tackle future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes could differ materially from these at present anticipated in such statements. The issuer depends upon litigation safety for forward-looking statements. Investing in firms comes with uncertainties as market values can fluctuate.



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