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An update from Helix Exploration Plc ( (GB:HEX) ) is now available.
Helix Exploration PLC has announced a successful institutional fundraising of £4.5 million and provided updates on its drilling program, including the recompletion of the Weil #1 well in Montana. The company plans to use the funds to drill two additional production wells, aiming to accelerate its path to full-scale helium production. The Weil #1 well has shown promising results with sustained flow rates, supporting Helix’s strategy to expand its production capabilities and enhance its market position in the helium industry.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company with near-term production assets located in the ‘Montana Helium Fairway’. The company focuses on the production of helium, a critical resource for various industries, and is working towards establishing itself as a significant player in the helium market.
Average Trading Volume: 2,282,629
Technical Sentiment Signal: Strong Buy
For detailed information about HEX stock, go to TipRanks’ Stock Analysis page.