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Royal Helium's Nazare Zone Shows Strong Potential Recovery Rates

Royal Helium has received a study on the producibility of the unconventional Nazare reservoir, which it encountered on its Climax acreage in Saskatchewan, Canada. The detailed simulation demonstrated the potential to recover between 60-147mmcf of helium per well (using a dual-leg lateral well) with initial flow rates over the first 6-months of 40-112mcf/d of helium. These will be 1 mile wells and Royal has >30sq miles of acreage with an estimated 2.5-6bcf of helium in place. Its first horizontal Nazare well is planned for late 2022.

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US Energy Delves into Kevin Dome Exploration Plans

On an analyst call, US Energy Corp management talked about its plans for its recently acquired Montana helium asset. The asset is situated on a greater than 100-mile anticline structure known for its


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