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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

Comment by Margin321on Oct 10, 2022 7:54am
181 Views
Post# 35015450

RE:RE:RE:RE:RE:I have only ONE question

RE:RE:RE:RE:RE:I have only ONE questionThe volume of gas that will need to be processed at Nazare is 10 times higher than Steveville and Andrew has called it a monster processing facility.  Since Steveville purifier cost  is $20 million and the meter is still running, and it  is a definitely not a monster just a portable unit, I think 100 million might be conservative for a monster plant  to process multiple long horizontal wells at Nazare with huge production volumes.  That said, that is the dream (a hugely productive Nazare field) and that is the best chance that RHC will be a major contributor to the Saskatchewan dream of supplying 10 percent of world helium demand by 2030.  But that is far ahead of where we are. The shorter term goals are to get Steveville on production and begin selling helium. And to drill one horizontal well at Nazare to prove the modelling by the Univerity of Regina team and prove that Nazare can be a monster commerical helium producing field that will require a monster processing plant.  That would be very good, not bad. And meanwhile they need to test Val Marie and Ogema.
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