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Helix Exploration PLC Announces Capital Raise and Updated Projections for Rudyard Project

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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.

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