Royal Helium Receives Results of Nazare Production Modelling Simulation – QNT Press Release

SASKATOON, SK, July 5, 2022 /CNW/ – Royal Helium Ltd. (TSXV:RHC) (TSXV:RHC) (OTCQB:RHCCF) (“Royal“) is pleased to announce that the Company has received the comprehensive simulation study for multistage hydraulically fractured horizontal wells completed by Dr. Gary ZhaoP.Eng., Petroleum Systems Engineering, University of Regina. Over 600 simulations were run with multiple variables, using the data from Royal’s DST and DFIT operations in the Climax-4 well. Royal is currently evaluating several of the viable production well models presented and will select the ultimate design(s) that will have the largest deliverability with the quickest payback period. Given the large areal extent of 30+ sections (30+ square miles) of Nazare, multiple wells will be considered. Royal anticipates well design finalization and drilling of the first Nazare well in late 2022.

Study highlights include, on a per well basis:

Single-leg HZ Well

Dual-leg HZ Well

Low case

Initial 6-month average flow rate

3,078 MCF/day

6,155 MCF/day

Helium production rate

EUR Raw gas

20 MCF/day

4.63 BCF

40 MCF/day

9.27 BCF

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