'The opportunity to acquire this extensive infrastructure package represents a tremendous savings in time and $6-8 million in upfront capital cost, as well as provides us with the main gathering line that we require to support the larger scale development across our entire Worsley asset base,' added Mr. 'Closing of the Acquisition accelerates the commercial development of our helium project at Worsley,' said Ed Bereznicki, President & Chief Executive Officer of First Helium. It will provide the Company with expanded operational flexibility in the site planning of its helium processing facility.

The other well, which historically produced over 45 Bcf of raw gas at approximately 1% helium content, is tied into the gathering system and is centrally located near a main, third party, natural gas sales transmission line.

The Acquisition also included 1,920 acres (1,690 net) of land and two suspended wells, one of which is being evaluated for re-activation based on 0.83% of helium content in historical testing. It is subject to normal regulatory approvals. The Acquisition was made for total consideration of $25,000 in cash and the assumption of future abandonment and reclamation liabilities of up to $200,000. ('First Helium' or the 'Company') (TSXV: HELI) (FRA: 2MC), a helium exploration company with access to significant development opportunities across western Canada, is pleased to announce that it has closed on two separate transactions (the 'Acquisition') with private, third-party companies (the 'Vendors') to acquire an aggregate of 40 kilometers of natural gas gathering pipeline assets (the 'Pipeline Assets'). It is thought that the overall time for a balloon to biodegrade is around the same time as an oak leaf (which is around 6 months.) but this depends on the surrounding conditions.The Acquired Assets are Expected to Accelerate the Company's Commercial DevelopmentĬALGARY, Nov. This then means that if these balloon products are exposed to the world, then the oxidation will help them to ultimately break down, this tends to happen within the first hour of inflation and is most evident when the balloon is exposed to any form of direct sunlight, heat or even normal outdoor conditions.

Eco-friendly or “Biodegradable” balloons are 100% natural latex which is responsibly sourced to provide businesses, event planners and customers, in general, an eco-friendly alternative to balloons. Latex balloons are created with biodegradable latex rubber material, which is a totally natural product that comes from the sap of the Hevea Brasiliensis (or simply, a tree that grows in very warm climates.) It will then break down when exposed to the ever-changing elements of nature.

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