Helix Exploration PLC (LSE:HEX) has released encouraging wireline test results from its Inez #1 well, located in the Rudyard Field, Montana. The data revealed a 140-foot gas-bearing reservoir within the Souris and Red River formations, which closely mirrors findings from the nearby Linda #1 well. These results support the company’s confidence in the reservoir’s potential and represent a key milestone in advancing its helium development plans.
Construction of the processing plant remains on schedule, with flow testing expected to begin in early August 2025. This progress is central to Helix’s strategy to unlock the value of the Montana Helium Fairway, a region believed to hold substantial long-term revenue potential.
About Helix Exploration PLC
Helix Exploration PLC is a helium-focused exploration company developing assets within the Montana Helium Fairway, a geologically favorable region in northern Montana. Founded by a team of seasoned professionals with deep expertise in U.S. helium systems, Helix was listed on the London Stock Exchange in April 2024. The company’s flagship Rudyard Project leverages existing infrastructure and low-cost processing with the goal of achieving initial helium production by 2025.
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