Royal Helium has received a drill licence for its fourth helium well on its Climax land block located in Southwestern Saskatchewan.
As a result of receiving the licence, Royal Helium said it Climax-4 is scheduled to spud on August 7th as a production offset well to Climax-3.
Climax-4 will be specifically targeting the new Regolith helium discovery zone aimed at, and permitted for, producing the helium found in this formation at the Climax-3 location.
Royal Helium believes it will take approximately two weeks to drill approximately 2,700 metres, followed by a service rig to run completion tests and production analysis.
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