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The latest update is out from Helix Exploration Plc ( (GB:HEX) ).
Helix Exploration PLC has commenced drilling at Inez #1, the fourth production well at its Rudyard Project in Montana, marking a significant step in its helium exploration efforts. The well targets known helium reservoirs and is the first on the southern dome, with successful tests potentially expanding reserves and de-risking the project’s subsurface potential. Concurrently, Helix is advancing its plant construction, with membrane systems en route from Germany, aiming to enhance operational readiness and transition towards production.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on the Montana Helium Fairway. The company targets helium deposits within the Rudyard Project in northern Montana, leveraging existing infrastructure and low-cost processing to aim for first gas production in 2025. Helix has multiple production wells and aims to generate significant net revenue over the field’s life.
Average Trading Volume: 2,512,035
Technical Sentiment Signal: Strong Buy
For a thorough assessment of HEX stock, go to TipRanks’ Stock Analysis page.