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Royal Helium Ltd V.RHC

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

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).


TSXV:RHC - Post by User

Post by Margin321on Sep 29, 2022 5:18pm
168 Views
Post# 34996036

Some good stuff

Some good stuffSteveville processing plant will be a cryogenic facility that can produce high grade helium and also tap other gas streams.  Price is at well head and their off take partner bear s cost of containers and shipping to Colorado for liquification. 

Cost of facility is $20 million. They have signed purchase agreements for 40% of that. Details of how the other $12 million will be financed no clear but will not be equity. 

AIM listing likely in November.

Hipe to test Ogema and Val Marie by end of year. Hope to drill horizontal Nazare well ($7 million) Q1 2023.  There may be small equity raises for drilling but not for facilities. They have some money coming in from in the money (barely) warrants.

Andrew right in that last 4 months very busy.  Next four months will be very busy and very important. 

Good job, took all questions. 
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