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.