Royal Helium Ltd. V.RHC

Let's go

[Margin321]

1. 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.

[jake1444]

They seem to do nothing but look at the bonuses being handed out. Share price keeps slipping but we hear nothing from corporate on plans. Probably a financing coming for "corporate purposes " coming soon. Pathetic.

[TheBridge]

Jake, IMO they're not going to wade into financing anytime soon. My guess is it that they are still trying to improve the rate of production of helium and still have a ways to go with the issues. Likely they are doing their best to produce quality helium as quickly and the best they can for export. Again, guessing that once the process becomes efficient enough and there are reasonable numbers