First Helium Inc. announced that it has received the necessary regulatory approvals to commence operation of its water disposal well at the Worsley Oil Battery. The company is activating disposal operations immediately to facilitate increased oil production with materially reduced ongoing operating costs. At Worsley, the company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development of helium across its focused land base.

On new Worsley lands acquired last August, the Company has several high priority targets like the successful helium and oil discoveries at 15-25, 1-30 and 4-29, and is planning to acquire a 3D seismic program to further delineate these potential drill locations. In addition, the Company holds the 14-23 horizontal well for future completion and testing to establish a potential regional helium development play.