Helix Exploration PLC (LSE:HEX) has successfully completed drilling at its Inez #1 well, the fourth production well in the Rudyard Project located in Montana. The well reached a depth of 6,510 feet and revealed noteworthy helium concentrations, reinforcing the company’s view of the Rudyard Field as a significant helium resource. This drilling success enhances Helix’s insight into helium-bearing zones within the structure, potentially expanding its commercially viable reserves. The next steps include wireline logging and flow testing to evaluate helium quality and production capacity more precisely.
About Helix Exploration Plc
Helix Exploration specializes in helium exploration and development, focusing on deposits within the Montana Helium Fairway. Established by industry veterans with deep expertise in US helium systems, the company went public in April 2024. Its primary focus is on advancing production at the Rudyard Project in northern Montana, leveraging established infrastructure and cost-effective processing with an aim to achieve first gas output in 2025. Helix is targeting strong revenue generation over the life of the field.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply