ATTRACTIVE VALUATION
First Helium Compares Well to its Trading Group Peers
Production Tested 15-25 Helium Discovery Well At Worsley – 1.3% Helium Content
Sproule Contingent Resource Report Supports NPV10 Base Value Of ~$15mm
1-30 & 4-29 Light Oil Discovery Wells Have Provided Cash Flow to Help Fund Exploration Activities
Sproule Proven Undeveloped Drill Location With 196,700 barrels of Proved + Probable Undeveloped light oil Reserves
Successfully drilled and cased 5-27 well - sets up for potential regional play across Company controlled acreage
Preliminary engineering on processing facility completed, contractors identified, next steps Financing and construction
10 Year Helium Take-or-Pay Gas Off-Take Agreement Secured, First 5 Years Firm Pricing
53,000 Acres
Over 53,000 Acres of Additional Exploration & Development Land on Prospective Worsley Trend For Helium, Oil, NGL's and Natural Gas
First Helium Has Identified 12 Highly Prospective Multi-Zone, Oil, Helium And Natural Gas Exploration And Development Opportunities, Including Two Re-Entry Candidates, For Oil And Helium That It Has Prioritized For Drilling
INVESTMENT HIGHLIGHTS
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GLOBAL DEMAND
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Helium is a high value, finite resource, vital to the Aerospace, Industrial, Scientific Research, Healthcare and High-Tech sectors because of its physical properties. |
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RESOURCE DE-RISKED
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The Company’s 15-25 helium-rich discovery well is ready to be equipped and brought into production, pending facility financing and construction. |
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COMPELLING ECONOMICS
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Long life, high netback production profile lends itself to responsible, non-dilutive financing alternatives for infrastructure. |
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ATTRACTIVE VALUATION
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With the production-ready helium discovery well, qualified by an independent engineering evaluation, and a 10 year take or pay offtake agreement, First Helium is attractively valued relative to its public company peers. |
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LARGE UNDEVELOPED LAND BASE
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Concentrated 53,000 acres of prospective helium-bearing lands on trend with the 15-25 discovery well. Multi-commodity exposure to oil, NGL’s and natural gas with over 9,500 acres of 3D Seismic Data to utilize with its proven geologic model. |
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ENVIRONMENTALLY CONSCIOUS
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First Helium is committed to leading the way in environmental and operational excellence in the nascent Canadian helium exploration and development sector – striving to surpass government regulations. |
ANALYST COVERAGE
First Helium is currently covered by the following Research Analyst(s):
Brent Watson
Cormark Securities Inc.
Tel: (403) 750-7201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
If you would like to receive the report(s) written by any of the listed Research Analyst(s), please contact them directly via the information provided above.