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Helix Exploration Plc ( (GB:HEX) ) has provided an update.
Helix Exploration PLC has announced the mobilisation of a drilling rig to the Inez #1 location at its Rudyard Project in Montana, marking the commencement of its fourth production well. This strategic move aims to extend proven helium reserves and accelerate the project’s development, enhancing cash flow and improving project economics. The company anticipates that increased production will allow for an expanded drilling campaign in 2026 and potentially achieve full-field production in one year instead of two, which would significantly boost the project’s net present value.
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 of helium systems in the US, the Company listed in April 2024. Helix is focused on production at its Rudyard Project in northern Montana, taking advantage of existing infrastructure and low-cost processing to target first gas in 2025.
Average Trading Volume: 2,471,901
Technical Sentiment Signal: Strong Buy
For an in-depth examination of HEX stock, go to TipRanks’ Stock Analysis page.