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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

Post by Margin321on Dec 19, 2023 12:08pm
210 Views
Post# 35791884

Yes Bridge there is some hope!

Yes Bridge there is some hope!
But it is beyond strange. They tell us it takes many months to optimize and test but it will be totally on autopilot with little or no maintenance once they get it right. I have never experienced any plant opening like this one. Nothing to do however other than sit and watch. And hope. I have lost so much here that there is not a meaningful residual dollar amount to recover. Might as well watch to see if RHC can survive and can deliver the next production site and the one after that. Hopefully at Val Marie and Ogema which could have double helium concentrations compared to Steveville, but likely much lower flow rates. Someday they could also drill a horizontal well at Climax in Nazarre formation and see if there is a BIG resource there. They would likely have to farm out that horizontal well and any production facilities (much bigger than at Steveville) at Climax too. But they need some credibility as a going concern to make any big deals.
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