SASKATOON, SK, March 9, 2022 /CNW/ - Royal Helium Ltd. ("Royal" or the "Company") (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to announce that, further to its news release of February 16, 2022, the Company has engaged Dr. Gary Zhao, of the University of Regina's Petroleum Systems Engineering Laboratory, to construct simulation development models for the Nazare zone at Royal's Climax helium project located in SW Saskatchewan. The modelling program will be used to determine the drill design and completion method to develop the Nazare discovery zone. The results of the program, along with the initial plans for Nazare development, will be announced once complete.
John Styles, lead completions and production engineering consultant to Royal comments, "Royal is fortunate to have retained Dr. Gary Zhao for this stage of development of the Nazare discovery zone. Gary's skill and experience with multistage hydraulic fracturing horizontal wells and their application for tight reservoirs are well known, with his skills having been brought to bear on several major projects with some of Canada's largest oil and gas corporations".
Andrew Davidson, President, and CEO, adds, "With the novel nature and the high-impact potential of our Nazare discovery, we are pleased to be working with the University of Regina, having one of the top petroleum engineering laboratories in the world, and Dr. Zhao in particular who has been integral to numerous successful collaborative ventures of this type".
Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land in southwestern and south-east Saskatchewan. All of Royals' lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. With stable, rising prices and limited, non-renewable sources for helium worldwide, Royal intends to become a leading North American producer of this high value commodity.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
SOURCE Royal Helium Ltd.
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