Royal Helium Ltd (RHCCF)

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Royal Helium unveils plans to have multiple facilities operational in the ‘short-term’
By Molly Burgess, Feb 29, 2024

Royal Helium has unveiled its 2024 development plans, with its CEO saying that the Canadian helium exploration and development company will have multiple facilities operational in the short term.
The company’s plans will be centred on completing and testing existing wells in the Val Marie, Ogema, and Steveville properties and new drilling on a 40-mile project in Alberta, Canada.
Andrew Davidson, CEO of Royal Helium, said that the company is pleased to be focused on determining the site for the next processing facilities.

Steveville
In 2023, Royal Helium is considering a strategy that could extend the operational lifespan of its Steveville project by 33%. The company’s helium purification plant in Steveville has the capacity to produce approximately 22,000 million cubic feet of helium with a purity of 99.9999% per annum.
Originally, the Steveville-1 well was not intended for production following its initial testing. However, a review of geological data since August 2022 has uncovered a previously overlooked section within the well that has the potential for resource production.
With that said, Royal Helium is now planning to conduct tests on this newly identified area to explore its productivity.

Omega
An additional project that Royal Helium is looking to pursue this year is the Omega project, based in Saskatchewan, a Canadian province that has a strong Helium Action Plan in place.
The Ogema project in south-central Saskatchewan is comprised of more than 60,000 acres and is home to the easternmost helium wells drilled in Saskatchewan.
The wells were drilled and partially tested in 2021, but upon receiving legislative permitting changes in 2023, Royal is planning to perforate and test the Ordovician Red River formation within the wellbore with the view of making a production and plant decision.

Saskatchewan’s Red River formation has long been a prolific oil and gas producing formation that boasts helium prospectively with the numerous shows across the province.

The formation has returned the highest concentrations of helium historically, with test results as high as 2.45%.

Val Marie
Another focus for Royal Helium is the Val Marie project in southwest Saskatchewan, a 27,000-acre site that is owned by Royal Helium under a 21-year lease. The site of the most recent well drilled in the portfolio, the Val Marie-1 well is awaiting completion and testing of the zones of interest encountered in the 2022 drill programme.

The Val Marie-1 helium exploration returned the highest background-level helium results that Royal has encountered to date, including the Steveville field. Royal will be completing and flow testing these stacked shows in the Devonian and Cambrian horizons.

Royal Helium’s Val Marie field sits upon the Val Marie Arch on the northern flank of the Bowdoin Dome. One of the earliest projects in the Royal portfolio, Val Marie has long been a high priority field. The Bowdoin Dome is thought to be the dominant structure allowing the migration of helium into southwestern Saskatchewan reservoirs.

Davidson concluded, “This is firmly the goal of all development work that will be completed in 2024. Given the drilling activities completed from 2021-2022, Royal Helium is uniquely positioned to move from one facility to multiple in the short-term.”

https://www.gasworld.com/story/royal-helium-unveils-plans-to-have-multiple-facilities-operational-in-the-short-term/2134897.article/

Still looking for a bottom.