Royal Helium has received a drill licence for its fourth helium well on its Climax land block located in Southwestern Saskatchewan.

As a result of receiving the licence, Royal Helium said it Climax-4 is scheduled to spud on August 7th as a production offset well to Climax-3.

Climax-4 will be specifically targeting the new Regolith helium discovery zone aimed at, and permitted for, producing the helium found in this formation at the Climax-3 location.

Royal Helium believes it will take approximately two weeks to drill approximately 2,700 metres, followed by a service rig to run completion tests and production analysis.

On the next steps, Andrew Davidson, President and CEO, said, “We are pleased to have multiple, high-impact activities underway over the next several weeks and months - getting the Climax Regolith reservoir defined and on production and drilling six new wells over three separate land blocks in Southeastern Saskatchewan where the highest historic helium concentrations have been recorded.”

“Panther Drilling is mobilising to site today with a view to spudding the well on Saturday”.