Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Helix Exploration Plc ( (GB:HEX) ) has provided an update.
Helix Exploration has reported material progress at its Rudyard Project as it moves toward initial helium gas production, with the delivery and installation of a key pressure swing adsorption compressor at the processing plant now under way, enabling commissioning to begin once mechanical, process and electrical tie-ins are completed. The company has also begun re-entry and coring operations at the Inez No. 1 well to deepen and test ultramafic Precambrian intervals linked to natural hydrogen generation and to perforate the Souris River zone, while simultaneously advancing talks with potential helium offtake partners and Tier 1 counterparties interested in the project’s hydrogen potential, underscoring Rudyard’s role as both a near-term cash-flow asset and a potential hydrogen play in the region.
More about Helix Exploration Plc
Helix Exploration Plc is a helium exploration and development company focused on deposits within the ‘Montana Helium Fairway’ in northern Montana. Listed in April 2024, it targets low-cost production at its flagship Rudyard Project, where four production wells in the Souris and Red River formations aim to exploit helium/nitrogen gas resources using existing infrastructure, positioning the company in the emerging North American helium supply market.
Average Trading Volume: 1,244,447
Technical Sentiment Signal: Hold
Current Market Cap: £50.77M
See more data about HEX stock on TipRanks’ Stock Analysis page.