Helix Exploration Plc ( (GB:HEX) ) has provided an update.
Helix Exploration PLC reported its annual financial results, highlighting its successful listing on the AIM market and subsequent operational achievements, including acquiring the Rudyard Project and drilling two wells that revealed significant helium and hydrogen potential. The company is advancing the Rudyard Project, targeting first production in 2025, with potential revenues between $115-$220 million over the field’s lifespan. Helix continues to benefit from recent funding, enabling rapid development and positioning itself as a significant helium producer in the U.S. market.
More about Helix Exploration Plc
Helix Exploration is a helium exploration company focused on developing helium deposits within the Montana Helium Fairway. Founded by industry experts with extensive U.S. helium system experience, Helix listed on the AIM market in April 2024, raising £7.5 million. The company aims to leverage existing infrastructure and low-cost processing to commence gas production by 2025.
YTD Price Performance: -14.00%
Average Trading Volume: 2,154,248
Technical Sentiment Consensus Rating: Strong Buy
Learn more about HEX stock on TipRanks’ Stock Analysis page.
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