Helix Exploration Advances Helium Production in Montana

An update from Helix Exploration Plc ( (GB:HEX) ) is now available.

Helix Exploration PLC announced an operational update highlighting key developments in its helium exploration activities. The company has signed a binding letter of intent to acquire the Weil #1 well and additional acreage, which is expected to double current production capacity at the Rudyard field. The Linda #1 well is set to begin drilling in April 2025, with first helium production targeted for summer 2025. Helix’s strategic focus on efficient resource development and scaling operations positions it strongly within the promising Montana Helium Fairway, aiming for significant cash flow and shareholder value creation.

More about Helix Exploration Plc

Helix Exploration PLC is a helium exploration and development company focused on the ‘Montana Helium Fairway’. The company, founded by industry experts, aims to explore and develop helium deposits in the US, leveraging existing infrastructure for early production. Helix listed in April 2024, raising £7.5 million, and has drilled wells at the Rudyard and Ingomar Dome Projects, demonstrating potential for significant helium and hydrogen production.

YTD Price Performance: -19.14%

Average Trading Volume: 1,552,958

Technical Sentiment Consensus Rating: Strong Buy

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