SASKATOON, SASKATCHEWAN – August 17, 2022. Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to announce that the Company has appointed Shayne Neigum as Royal’s Chief Operating Officer (“COO”) and Head of Exploration. Shayne has worked closely with Stephen Halabura in identifying and acquiring Royal’s key helium land positions and prospects since 2017 and has executed the drilling and completion operations on all of Royal’s wells to date. Stephen Halabura will be stepping down from his position as the Company’s VP Exploration, handing the reins to Shayne.
Shayne Neigum holds a B.Sc. Honours in Geology from the University of Saskatchewan. Having spent his entire career in the Saskatchewan oil and gas industry, Mr. Neigum has extensive experience in deep-hole drilling, land evaluation, geological mapping, formation modelling and reserves analysis. He also has a well-developed understanding of all operations management on a drill site and a strong technical background of upstream, midstream, and downstream aspects of the industry.
Andrew Davidson, President and Chief Executive Officer comments, “We are pleased to have Shayne leading the charge as we move from pure exploration to continued exploration, development, and production within our vast helium land packages that he helped secure. Beyond his management skills in bringing our drilling in on budget, his geological expertise, foresight, and tenacity at the drill bit was instrumental in making the Nazare discovery at Climax”. Further, “We all would like to extend our tremendous gratitude to Steve for the extensive study and work he has provided Royal since its inception. Without Steve, Royal would not have achieved what it has to date. Royal wishes Steve all the best in his next venture and are very pleased that Steve will remain available as a technical consultant going forward.”
Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and Alberta. 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.
For more information, please contact the Company.
| Andrew Davidson President and CEO Royal Helium Ltd. (306) 653-2692 davidson@royalheliumltd.com | Dean Nawata VP, Corporate Development Royal Helium Ltd. (604) 561-2821 dean@royalheliumltd.com |
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This news release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this news release, other than statements of historical fact, 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, including the “Risk Factors” section of the Company’s annual information form.