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Bullboard - Stock Discussion Forum 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... see more

TSXV:RHC - Post Discussion

Royal Helium Ltd. > Petrinex Data (using IMPERIAL HELIUM as search term)
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Post by Just1Question on Apr 05, 2024 2:21pm

Petrinex Data (using IMPERIAL HELIUM as search term)

As it relates to choosing the wrong property, I think the evidence from Petrinex is that the Steveville plant is drawing from a single well which is producing suffient feed gas for the plant's current intake.  Further the dataset confirms that the primary anomoly for the month of February was still the high rate (perhaps 50%) of produced Helium being vented.  We can speculate as to why the venting occured, and we can speculate as to when this will become less pronounced. But the fact is there was a large volume of gas flowing through the plant.

In just over two weeks time, the next Petrinex data set will drop providing anyone with curiousity, and some data crunching skills, many datapoints including how much gas has gone in, how much gas was produced, and how much gas was vented.  This will give you the best indication going forward if the Steveville Helium plant has improved its ability to produce and deliver marketable Helium. 

Cheers
Comment by Margin321 on Apr 05, 2024 5:18pm
Thank you, please keep that Petrinex data flow coming to the group. It is very interesting and helpful.
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