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 160,000 barrels of light oil.
Successfully drilled and cased 14-23 well - sets up for potential regional play across Company controlled acreage
Preliminary engineering on processing facility completed, contractors identified, next step construction
10 Year Helium Take-or-Pay Gas Off-Take Agreement Secured, First 5 Years Firm Pricing
60,000 Acres
Over 60,000 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