Royal Helium begins three-well program at Climax
2021-01-06 08:39 ET – News Release
Mr. Andrew Davidson reports
ROYAL HELIUM COMMENCES THREE WELL DRILL PROGRAM AT CLIMAX
Royal Helium Ltd. has commenced its initial three-well drilling program at its Climax helium project. The wells, beginning with the Climax-1 helium well which spudded early this morning, are targeting a 4-way structural closure identified and delineated by 2D seismic and the triaxial magnetic survey conducted in July 2020 over the central portion of the Company’s Climax land block.
The Climax-1 well is expected to take up to 30 days to drill, case, complete and test and is targeting the Deadwood Sands formation that is known to currently and historically produce helium. Helium produced from this formation is known to be carried in nitrogen with little to no hydrocarbons or other by-products. The pay zone lies beneath a thick carbonate and shale cap and is anticipated to be encountered at an approximate vertical depth of between 2,250 – 2,560m. Climax-1 is a vertical well planned to TD (total depth) at 2,684m.
Andrew Davidson, President and CEO of Royal comments, “We are excited to be drilling our first of three helium exploration wells immediately after closing our oversubscribed $6.15 million financing. We are also pleased to have Savanna Drilling Corp. involved as our drillers. Savanna has successfully drilled 25 helium wells in Saskatchewan over the past four years”.
Mr. Davidson continues, “The Climax land block is comprised of 227 sections (589 square kilometers) with multiple structural closures and well targets identified in the same formation. Climax is the first of several land blocks across southern Saskatchewan controlled by Royal. With 12 exploration targets in inventory to date, we are actively working to significantly increase target inventory in 2021”.
Qualified Person: Stephen P. Halabura P. Geo. the Company’s Vice President of Exploration is a Qualified Person (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.
About Royal Helium Ltd.
Royal is focused on the exploration and development of primary helium production in southern Saskatchewan. With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America. Located next to highways, roads, cities and, importantly, close to existing oil and gas infrastructure, Royals projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
© 2010 Junior Gold Report
This site is owned and operated by Junior Gold Report www.juniorgoldreport.com
Junior Gold Report (herein known “JGR/Dr. Kal Kotecha”) Newsletter and website: JGR/Dr. Kal Kotecha Newsletter and website are published as copyright publications of JGR/Dr. Kal Kotecha.
Please read the entire Disclaimer carefully before you use this website or read the newsletter. If you do not agree to all the Disclaimer, do not access/read this website/newsletter/article, or any of its pages. By using this website/newsletter/article, and whether or not you actually read this Disclaimer, you are deemed to have accepted it.
Articles or any other form of dissemination in person or online are all the sole product of JGR/Dr. Kal Kotecha’s personal, individual opinions. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Do your own due diligence and consult with your own registered broker/investment advisor.
It is the intention of JGR/Dr. Kal Kotecha to provide knowledge for the continuing information and education of private, professional and institutional stock market investors focusing on the junior metals market.
We publish Information regarding certain stocks, options, futures, bonds, derivatives, commodities, currencies and/or other securities (collectively, “Securities”) that we believe may interest our users. The information is provided for information purposes only and JGR/Dr. Kal Kotecha is not engaged in providing investment advice or investment-related recommendations, nor does JGR/Dr. Kal Kotecha solicit the purchase of or sale of, or offer any securities featured by and/or through JGR/Dr. Kal Kotecha. Further, nothing we do and no element of JGR/Dr. Kal Kotecha should be construed as such. Without limiting the foregoing, the Information is not intended to be construed as a recommendation to buy, hold or sell any specific Securities, or otherwise invest in any specific Securities. Trading in Securities involves risk and volatility. Past results are not necessarily indicative of future performance.
The information derived to create the article is taken at the time of creation and may be out of date or may have changed. JGR/Dr. Kal Kotecha very strongly recommends you do your own due diligence and consult a registered broker/financial advisor that is registered in your jurisdiction before buying or selling any security including the featured company, in this case Royal Helium.
JGR/Dr. Kal Kotecha does not, in any way, guarantee that he is providing all of the information that may be available on any topic written.
JGR/Dr. Kal Kotecha makes no representations, and specifically disclaims all warranties, express, implied, or statutory, regarding the accuracy, timeliness, or completeness of any material contained in this site. Again, you should seek the advice of your registered broker/financial advisor regarding your stock transactions.
The information contained in this article is based on information about companies and persons that is publicly available. JGR/Dr. Kal Kotecha recognizes that there may be information in the possession of companies or other people that is non-public and that could lead others to disagree with JGR/Dr. Kal Kotecha’s analyses, opinions and/or conclusions. JGR/Dr. Kal Kotecha’s views and opinions re: the companies that are featured in the report are the author’s own views and are based on information that was received or found in the public domain, which is assumed to be reliable. JGR/Dr. Kal Kotecha has not undertaken independent due diligence of the information received or found in the public domain. Accuracy is not guaranteed. Perform your own due diligence and consult a registered broker/financial advisor.
Any statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond JGR/Dr. Kal Kotecha’s control. JGR/Dr. Kal Kotecha makes no representation or warranty, express or implied, as to the accuracy or completeness of those statements or any other written or oral communication it makes with respect to any company or persons mentioned, and JGR/Dr. Kal Kotecha expressly disclaims any liability relating to those statements or communications (or any inaccuracies or omissions therein). Thus, shareholders and others should conduct their own independent investigation and analysis of those statements and communications of companies or persons to which those statements or communications may be relevant.
JGR/Dr. Kal Kotecha most always holds a position in any of the securities profiled in JGR/Dr. Kal Kotecha pieces and JGR/Dr. Kal Kotecha constructs. JGR/Dr. Kal Kotecha disclosures are to the best of JGR/Dr. Kal Kotecha’s knowledge in order to maintain transparency and also to uphold and respect pertinent securities laws see section: consideration for Services). JGR/Dr. Kal Kotecha may or may not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market and via consulting with their registered broker/financial advisor.
JGR/Dr. Kal Kotecha is not a registered broker/financial advisor and does not hold any licenses. These are solely personal thoughts and opinions about finance and/or investments – no information posted on this site is to be considered investment advice or a recommendation to do anything involving finance or money aside from performing your own due diligence and consulting with your personal registered broker/financial advisor.
You agree that by reading JGR/Dr. Kal Kotecha’s articles, you are acting at your OWN RISK. In no event should JGR/Dr. Kal Kotecha be liable for any direct or indirect trading losses caused by any information contained in JGR/Dr. Kal Kotecha’s articles. Information in JGR/Dr. Kal Kotecha’s articles is not an offer to sell or a solicitation of an offer to buy any security. JGR/Dr. Kal Kotecha is not suggesting the transacting of any financial instruments but does suggest consulting your own registered broker/financial advisor with regards to any such transactions.
No Guarantee as to Content: Information provided on this website/newsletter article is general in nature and does not constitute attempts at financial advice. The information, data and opinions on this website/newsletter article are provided ‘as is’ and without any warranty of any kind, either express or implied as to the accuracy or completeness of those statements or any other written or oral communication it makes with respect to any company or persons mentioned or from any third party website/newsletter linked to this article. JGR/Dr. Kal Kotecha shall not be liable for indirect, incidental, consequential, reliance or special damages for harm to business, lost profits, lost savings, or lost revenues, whether or not JGR/Dr. Kal Kotecha has been advised of the possibility of such damages. JGR/Dr. Kal Kotecha shall not be liable for any damage that any user may suffer arising out of the use of; or the inability to use, services or content provided hereunder. These limitations of liability shall apply regardless of the form of action, whether in contract or tort, and shall survive failure of an exclusive remedy. JGR/Dr. Kal Kotecha believe the statements made on JGR/Dr. Kal Kotecha’s website/newsletter are substantially accurate in all material respects and does not omit to state material facts necessary to make those statements not misleading. JGR/Dr. Kal Kotecha expressly disclaims any liability relating to those statements or communications (or any inaccuracies or omissions therein). Although JGR/Dr. Kal Kotecha strives to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein whether in an article or on the website.
Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR/Dr. Kal Kotecha, its associates, authors, and affiliates are not responsible for errors or omissions.
None of our trading or investing information, including JGR/Dr. Dr. Kal Kotecha, any emails or content or any internet-based communication (collectively, “Information”) provides individualized trading or investment advice and should not be construed as such. Accordingly, please do not attempt to contact JGR/Dr. Dr. Kal Kotecha, its members, partners, affiliates, employees, consultants of JGR/Dr. Dr. Kal Kotecha to request personalized investment advice, which they cannot provide.
JGR/Dr. Kal Kotecha is not a registered broker/financial advisor.
Shareholders and others should always conduct their own independent investigation and analysis of those statements and communications of companies or persons to which those statements or communications may be relevant.
Forward Looking Statements: Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. JGR/Dr. Kal Kotecha does not take responsibility for the accuracy of forward-looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.
Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of the respective featured company and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to the featured companies., a number of risks relate to any statement of projection or forward statements, including among other risks: the receipt of all necessary approvals; the ability to conclude a transaction to build a mine; uncertainty of future production or market prices, capital expenditures and other costs; financing and additional capital requirements for exploration, development and construction of a mine; mineral grade may not be as high as expected; the receipt in a timely fashion of further permitting for its projects; legislative, political, social or economic developments in the jurisdictions in which the featured company carries on business; operating or technical difficulties or cost increases in connection with mining or development activities; the ability to keep key employees and operations financed. This is solely a small excerpt of potential risks and uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. JGR/Dr. Kal Kotecha does not undertake any obligation to update any statements made.
The reader is referred to the public filings pertaining to a Royal Helium profile available at www.sedar.com.
Consideration for Services: JGR/Dr. Kal Kotecha/Dr. Kal Kotecha holds securities in Royal Helium (a TSX:V listed company) including stock options and will benefit from price appreciation. JGR/Kal Kotecha has participated in private placements offered/announced by Royal Helium. JGR/Kal Kotecha and may buy, hold and sell shares without notice.
JGR/Dr. Kal Kotecha and its’ owner and affiliates/associates, partners, family members, or contractors may have long positions in Royal Helium and may buy, hold and sell shares without notice.
JGR/Dr. Kal Kotecha has been paid for promotional services by Royal Helium and as such our opinions are biased. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis or recommendation but rather as an advertisement.
JGR/Dr. Kal Kotecha’s conclusions are the result of personal due diligence.
JGR/Dr. Kal Kotecha composes disclosures to the best of its’ knowledge in order to maintain transparency and also to uphold and respect pertinent securities legal obligations. Each investor must make that decision based on his/her judgment of the market and via consulting with their registered broker/financial advisor.
Conduct your own due diligence: JGR/Dr. Kal Kotecha’s views and opinions regarding the companies featured in report(s) are JGR/Dr. Kal Kotecha’s own views and are based on information that JGR/Dr. Kal Kotecha has researched independently and has received, which JGR/Dr. Kal Kotecha assumes to be reliable. You should never base any buying/selling/trading/investment decisions off of our emails, newsletter, website, videos or any of our published materials. JGR/Dr. Kal Kotecha aims to provide information and often stock ideas but they are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a registered broker/financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned may be high risk and considered penny stocks that contain a high risk of volatility, therefore consult your registered broker/financial advisor and do your own due diligence before purchasing. No Offer to Sell Securities: JGR/Dr. Kal Kotecha is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. JGR/Dr. Kal Kotecha is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR/Dr. Kal Kotecha may contain links to related websites for stock quotes, charts, etc. JGR/Dr. Kal Kotecha is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites/from the company, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do your own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim any responsibility for the content and accuracy of any such information or website.
Royal Helium may not have reviewed the JGR/Dr. Kal Kotecha’s content prior to publication and as such may not agree with statements made by JGR/Dr. Kal Kotecha. JGR/Dr. Kal Kotecha´s views and opinions regarding Royal Helium in the report are JGR/Dr. Kal Kotecha’s own views and are based on information that was received or found in the public domain, which is assumed to be reliable. JGR/Dr. Kal Kotecha has not undertaken independent due diligence of the information received or found in the public domain. JGR/Dr. Kal Kotecha does not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose.
Release of Liability: By reading the newsletter/website and/or watching videos by JGR/Dr. Kal Kotecha, you agree to hold JGR/Dr. Kal Kotecha, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
JGR/Dr. Kal Kotecha and the authors do not guarantee that any of the companies mentioned in the reports will perform as expected. Any comparisons that were made to other may not be valid or come into effect. Unless disclosed otherwise, photos/images used on the website/newsletter are sourced from photo websites, provided by the company and the public domain.
I am not a registered broker/financial advisor nor do I hold any licenses or registration with any other financial body. I am an individual investor and my opinions are a result of my own personal observation of companies and stocks. My opinions are not always correct and will not always be correct in the future.
My articles are formed from my opinion only and are not in any way suggestions to buy or sell any equity, bond, option or other financial instrument.
You may unsubscribe to the newsletter at any time by clicking on the link ‘unsubscribe’ in the subscriber email.