Royal Helium Ltd. V.RHC

Royal Helium Reports Initial Testing Results At Climax

[AwareInvestor]

Royal Helium this morning reported initial gas sample results from three formations following drilling that took place earlier this year at Climax. Helium levels are said to be elevated as well as economic at three different formations.

https://thedeepdive.ca/royal-helium-reports-initial-testing-results-at-climax/

[ManOnTheMoon]

Great News!!!

[Bertie20]

Great to see the helium confirmed, and they have fairly thick pay too it seems. Helium percentages are slightly lower than I had hoped though, so I sold this morning. Best of luck to all holders.  

[hopeful88]

Lower % grade than expected. Exit right stage for now. We had a good ride. GLTA

[shaleplayer57]

You do realize that NAH is building a MULTI million dollar facility on the basis of their base helium cut being a 0.45% assay and 0.4% at the wellhead....these Royal guys have found some unreal concentrations, now to commence production and flow testing.  Investors need to GET real if you actually think 1-2% helium will come by. The economic cut off is 0.30% so I'd say this group is on a

[Ebenizer3]

could rhc be a potential buyout candidate? with similar concentration doesn't make a lot sense building another processing plant when nah is in the same region. Good day

[canuckktrader]

If you look at publiclly available well data NAH has .7% as their lowest of their 10 wells, NAH also passed over the climax land that Royal has..... They just released news stating helium concentrations that were already know from previously drilled PNG wells on their land. Multiple wells have been drilled in and around the climax area over the years showing various He concentrations. Whole lot of

[SlackerSlave]

I'm not sure what everyone was expecting with the concentration %. We hit exactly what is historically and currently being produced in the area which should be great news. 

[LaurinDE]

As I wrote before... some had unrealistic expectations... the company found what they had expected and need to start an economic enterprise. Looks good to me. I'm not happy with the selling and the falling share price, of course, but that will look a lot different in a few years. RHC just moved from a speculation to an investment. L.

[LaurinDE]

Since some had hoped for higher He concentration (the "magic number" you could read in the internet was 1%), I'm afraid that they will sell. However, the thick pay zones are very good and we need to think in terms of He volumes produced, rather than only consider He concentration (i.e. percentage), imo. The combination of both high concentration and thick pay zones, i.e. large volume

[Ophiuchus]

Agreed. Even though the concentration wasn't what was expected. DME average payzone was averaged at 27feet or roughly 9 meters. RHC on the other hand has 3x this at 30 meters. Comparing apples to apples we can see a 0.9%-3% concentration.