First Helium commenced its 21sqkm 3D seismic data acquisition program at Worsley. It will focus on recently acquired lands, SE of, and contiguous to the Company's 15-25 helium well and two oil discoveries. The data collected will be used to evaluate drilling targets for helium and oil. At Lethbridge, Southern Alberta, the Company has identified a drill-ready location to target the Beaverhill Lake and the Basal Cambrian Sandstone, which it is planning to drill in 2023. First has also begun water disposal at its Worsley Oil Battery, reducing opex by ~50%.
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