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Royal Helium Ltd. V.RHC

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

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 Margin321on Oct 09, 2023 1:20pm
386 Views
Post# 35675977

Avanti

AvantiTwo wells with 1.1% helium and 20 mmcf /day flow each.  And they are just getting a mid-stream industrial gas company to process it. They likely will not get same price but the will have 7 times more helium from those two wells than from the Steveville pair.  And they will get going quickly. And the cash will be enough to drill new wills.

RHC simply has to get going. Produce some helium, get some revenues, test Val marie, test Ogema. Decide if they want another Arjae systems plant (and can pay for it) or whether they should accleerate the process by using an industrial gas company to process, like NA Helium and now Avanti have done. NA Helium added 5 plants quickly.

Plus RHC should drill a horizontal well in Nazare as that is potentially much bigger resource, agaion if they can find the money, They keep talking about all this but they need to have urgency to accelerate this process. Dean has been talking a good game for a long time and that is good, it is his job. But some action is needed.  They were talking about the Stevevile plant in 2022,  then for Q1 2023, then for Q2 2023, then for Q3 2023, now for 2023.

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