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Royal Helium Ltd. V.RHC

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

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Post by ExWEIMan2on Apr 01, 2021 6:46pm
329 Views
Post# 32925492

Don't Be Surprized

Don't Be SurprizedDon't be surprized if one of the wells doesn't production test as well as the other two.  Companies will frequently drill a test well on the edge of a field to verify their geological understanding of the reservoir.  The share price may dip on these "bad" production test results when it is actually good news!  Looking for the Sproule report in the coming ten days.  

Thanks to Laurin DE for spreading the word on RHC.  I have a tidy profit on the shares I bought and if I lose it on poor test results, well that is the risk you take.  I am basing my hopes that data collected during the exploration wells they drilled decades ago gave a good idea of the [He] in the Climax area and RHC is in the right place at the right time.  
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