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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