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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 Feb 10, 2023 10:05am
167 Views
Post# 35279437

RE:Thread on Recent Webinar

RE:Thread on Recent WebinarThat is a good thread. Timelines are crazy aggressive but could happen. Cost of Nazarre horizontal well would be 8-10 million. Maybe they get that from cash flow at Steveville. The cost of the Nazarre processing facility (much bigger) would be $50 million. But if they have great success getting Steveville production on line in April, and if first horizontal well at Nazare is great, and if the space launch company signs a good off take agreement for Nazare helium, then the same major banks might lend them $50 million for a Nazare facility. That all would catapult RHC to the big time and they are talking like they can do it end of 2023. I am still remembering that the promise of helium production is a couple years late and is still a promise. A promise if met in April would be a huge step. 
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