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Helix Exploration Plc ( (GB:HEX) ) has provided an update.
Helix Exploration PLC announced the mobilization of flow testing equipment to the Inez #1 well at the Rudyard field, with testing set to begin on August 19, 2025. This testing will assess helium-bearing intervals to evaluate reservoir productivity and helium concentrations, with results expected by the end of the month. The initiative is part of Helix’s strategy to meet growing global helium demand and enhance its production capacity, positioning the company for a dynamic second half of the year.
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 capitalize on existing infrastructure and low-cost processing to produce helium, targeting first gas in 2025. Helix has four production wells at its Rudyard Project in northern Montana, with the potential to generate significant revenue over a 12.5-year field life.
Average Trading Volume: 2,026,471
Technical Sentiment Signal: Buy
See more data about HEX stock on TipRanks’ Stock Analysis page.