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Helix Exploration Plc ( (GB:HEX) ) has shared an announcement.
Helix Exploration PLC has announced updated reserves and economic forecasts for its Rudyard Project, highlighting a potential net revenue of $115-220 million over a 12.5-year field life. The company plans a capital raise of at least £4 million to fund production, with first outputs expected in Q2 of this year. The decision to pursue an equity raise over debt financing is aimed at maximizing shareholder value and maintaining market flexibility.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on near-term production assets within the Montana Helium Fairway.
YTD Price Performance: -15.14%
Average Trading Volume: 2,137,592
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on HEX stock on TipRanks’ Stock Analysis page.