Helix Exploration PLC (LSE:HEX) has announced major operational milestones, including the successful drilling of its Darwin #1 well and the acquisition of a Xebec PSA gas processing unit—advancing its helium production capacity. These developments are part of a broader strategic push that includes a dual listing on the OTCQB Venture Market in the U.S. and the securing of funding for additional drilling activity.
With helium demand continuing to rise amid global supply constraints and geopolitical uncertainty, Helix is positioning itself as a reliable domestic supplier to the U.S. market. The company’s Montana-based operations are expected to generate significant pre-tax cash flow—potentially up to $20 million annually—underscoring its role as a disruptive force in the helium industry.
About Helix Exploration PLC
Helix Exploration PLC is a helium-focused exploration and production company operating in the ‘Montana Helium Fairway’, a key geological region for helium resources. The company’s flagship Rudyard Project in northern Montana is designed to supply critical helium for industries such as medical imaging, semiconductor manufacturing, and aerospace. By concentrating on domestic production, Helix aims to offer a stable, secure helium supply that is less vulnerable to international disruptions.
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