Royal Helium Ltd. is set to step up its helium exploration programme in Saskatchewan, Canada, and is in talks with “several” major companies to be a processing partner.
Royal has over 300,000 acres of prospective helium land in south western and south-central 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 near existing helium producing locations.
Andrew Davidson, Royal Helium President and CEO, said, “With shareholder support, Royal can now finalise its restructuring while continuing the advancement of its core helium properties. The company has commenced advanced exploration activities at the Climax property [in Saskatchewan], and is looking to have detailed drill targets identified by early August. Drill plans will be announced once finalised. Importantly, the detailed findings of our studies of geological economic and well data have been used to methodically identify several potential helium reservoir targets to drill.”
Royal’s studies of geological economic and well data identified several potential geological reservoir structures and traps over multiple land packages within Royal’s helium properties. Of the several structures identified, Royal’s initial focus is the Climax area in Saskatchewan.
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