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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 Jan 19, 2024 9:34am
291 Views
Post# 35835609

Let's go

Let's go1. Test Val Marie and Ogema wells - that has been in the planning about two years. They cannot plan any future direction for production without that.

2. Get the plant operations smoothed out. Then announce that.

3. Make a decision on upgrade of plant for food grade CO2 production. It is supposed to cost 2 million and will add more than that to yearly revenue (I hardly believe 12 million but maybe 4-5 million.

4. Do something bold, like forming a JV to fund the horizontal well at Nazare to see if that is real. It is a much bigger scale than producing a few wells each at multiple small focal reservoirs.

The talk and the presentations have been about an aggressive approach and accelerating growth. The actual progress has been glacial - a year to get one smallish plant going (an interval where NA Helium added 5 plants).  Several years to test Ogema and more than a year  to test Val Marie.

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