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Royal Helium Ltd. V.RHC.WT.A


Primary Symbol: V.RHC Alternate Symbol(s):  RHCCF | 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 Margin321on Dec 19, 2023 12:08pm
256 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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