Why First Helium Shares Are Surging Today

First Helium Inc. HELI FHELF intends to drill two prospective helium targets commencing late Q2 at its 100% owned, 79,000 acre Worsley Property in Alberta, Canada.
The wells will target potential natural gas accumulations, expected to contain commercial quantities of helium gas and natural gas.
Based on associated historic data, helium content ranges from 0.5% to 1.9% across the Worsley Property.
The wells will be funded from cash on hand, accumulated from the company's oil production operations.
"With attractive near to mid-term helium and natural gas pricing indications, we are focusing our efforts on adding additional helium volumes to our successful 15-25 helium discovery well and plan to begin producing as soon as possible," commented CEO Ed Bereznicki.
Price Action: HELI shares are trading higher by 12.24% at C$0.55 on TSXV, and FHELF is higher by 28.1% at $0.42 on the last check Tuesday.