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Helix Exploration Plc ( (GB:HEX) ) has shared an announcement.
Helix Exploration PLC has reported significant progress in its operations, with the successful drilling of its Darwin #1 well and the acquisition of a Xebec PSA processing plant, enhancing its production capabilities. The company’s strategic developments, including a dual listing on the OTCQB Venture Market and securing finance for additional wells, position it as a disruptive new supplier of helium to the U.S. market. With robust demand for helium and supply constraints due to geopolitical challenges, Helix’s focus on domestic production offers a secure and scalable supply solution, potentially increasing its pre-tax cash flow to $20 million per year.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’. The company aims to become a leading helium producer in North America, leveraging its operations at the Rudyard Project in northern Montana. Helix is strategically positioned to meet the growing demand for helium, driven by its critical applications in healthcare, semiconductors, and aerospace, while being protected from geopolitical and trade-related risks.
Average Trading Volume: 2,505,267
Technical Sentiment Signal: Strong Buy
Find detailed analytics on HEX stock on TipRanks’ Stock Analysis page.