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Helix Exploration Plc ( (GB:HEX) ) has issued an announcement.
Helix Exploration PLC has announced the mobilization of flow testing equipment to its Linda #1 and Weil #1 wells within the Rudyard Project, marking a significant step towards becoming a leading onshore US helium producer. The testing, which will assess helium-bearing formations, is expected to take approximately ten days per well, with results to be announced separately. This development is part of Helix’s strategy to advance near-term helium production, with the potential for substantial revenue generation over the field’s lifespan. Additionally, the company has encountered promising oil shows in the Duperow Formation, indicating further exploration opportunities beyond helium.
More about Helix Exploration Plc
Helix Exploration is a helium exploration company focused on the exploration and development of helium deposits within the ‘Montana Helium Fairway’. Founded by industry experts with extensive experience in helium systems in the US, the company is fully funded and focused on production, leveraging existing infrastructure and low-cost processing to target first gas in 2025.
Average Trading Volume: 2,143,556
Technical Sentiment Signal: Strong Sell
For an in-depth examination of HEX stock, go to TipRanks’ Stock Analysis page.