RHC Update One of my top helium picks RHC.v RHCCF recently gave an update on their acquisition of Imperial Helium and their drilling progress at Val Marie and Climax.
Key points
- Imperial’s Steveville helium discovery brings 2 production ready helium wells (will support a 15 MMCf/d mobile processing facility)
- RHC will develop the Nazare formation with horizontal, multi stage fractured wells (results in higher development costs but means long term development-visibility and low corporate declines)
- Total depth at Val Marie is expected to be hit in early August
- + more
This twitter thread goes over some more of the main points, recommend checking it out. RHC up 4.7% today.
https://twitter.com/nawatatweet/status/1551582043984695297?s=24&t=_GSUjukSf7QK82NHgVS6Bw