- Royal Helium (RHC) has begun drilling its first well in Saskatchewan’s Val Marie Field
- Contractor Stampede Drilling will drill the well to a vertical depth of 2,600 m targeting a major gas feeder system
- The Val Marie drilling program is targeting several stacked zones in multiple horizons
- Royal Helium controls and develops over 1,000,000 acres of prospective helium land in Saskatchewan
- Royal Helium (RHC) is up by 1.54 per cent trading at $0.33 per share
Royal Helium (RHC) has begun drilling its first well in Saskatchewan’s Val Marie Field.
Val Marie-1 resides on the southernmost of three large land blocks covering 13,000 hectares of the Canadian portion of the Bowdoin Dome.
Contractor Stampede Drilling will drill the well to a vertical depth of 2,600 m targeting a major gas feeder system tied to the Bowdoin Dome and found on both sides of the border. Successful helium-specific wells have recently been drilled on the Montana side of the Bowdoin Dome.
Royal Helium anticipates a two-week drilling period followed by a service rig to complete and test the well.
The Val Marie drilling program is targeting several stacked zones in multiple horizons.
“Following on our success and continued development at Climax and Ogema, we are pleased to extend exploration to our third of 12 separate fields,” stated Andrew Davidson, Royal Helium’s President and CEO. “Not only is the Bowdoin Dome known to host helium, but its proximity to the Climax Project also makes this a highly prospective target field.”
Royal Helium controls and develops over 1,000,000 acres of prospective helium land in Saskatchewan.
Royal Helium (RHC) is up by 1.54 per cent trading at $0.33 per share as of 2:00 pm EST.
