Royal Helium currently holds more than 400,000 hectares (4,000 square kilometers of prospective helium lands across southern Saskatchewan in a combination of five-year permits and 21-year leases. The Company may accumulate additional land to achieve the company objective of delivering a minimum of 1 trillion cubic feet (Tcf) of total inert gas.
Royal Helium’s first 2 drill plays are focused in two areas, one in southwest Saskatchewan (Climax) with seven well targets and the second in south-central Saskatchewan (Bengough), with five target wells.
Exploration plans are to drill test 30 structures of similar size to the existing Wilhelm and Mankota helium pools. To identify these structures, the company is using a combination of seismic data, well logs and aeromagnetic surveys.
The seven drill targets at Climax were identified in late 2019 after the company first reprocessed 77.6 km of 2D seismic in conjunction with historic well logs and delineated a basement structure of ~3,094 hectares of four-way structural closure. Another 17,676 hectares of helium permits (100% crown) located immediately west of its Climax property were then granted in November 2019. To further define the possible inert gas/helium bearing formations and refine company target wells, a deep, detailed aeromagnetic survey was flown over the Climax central structure in May.