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Royal Helium Ltd V.RHC

Alternate Symbol(s):  V.RHC.W.A | RHCCF

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).


TSXV:RHC - Post by User

Comment by Margin321on Nov 28, 2023 8:42am
182 Views
Post# 35755834

RE:RE:Swear to god

RE:RE:Swear to godThanks, at least there is potential to cover that with Steveville production. No other way to cover that. They have some cash that can test 4 wells and then they can see how economic Val Marie, Omega, and a Steveville well #3 might be. I do not know if they can put the output of one more well into the Steveville plant or if it is maxxed out witht he current two wells at 15 mmcf/day.  Ready access to capital is important, but even if they had access to unlimited capital it has to  be converted to growth in revenues. And eventually profits.

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