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Helix Exploration Plc ( (GB:HEX) ) has issued an announcement.
Helix Exploration PLC has announced promising results from wireline testing at its Inez #1 well within the Rudyard Field, Montana. The testing identified a 140 ft gas-bearing reservoir in the Souris and Red River formations, showing strong correlation with the Linda #1 well. The company is on track with its plant construction and plans to commence flow testing in early August 2025. This progress is pivotal for Helix’s strategy to capitalize on the Montana Helium Fairway, potentially generating significant revenue over the field’s life.
More about Helix Exploration Plc
Helix Exploration is a helium exploration company focused on the exploration and development of helium deposits within the ‘Montana Helium Fairway’. Founded by industry experts with extensive experience of helium systems in the US, the Company listed in April 2024. Helix is focused on production at its Rudyard Project in northern Montana, taking advantage of existing infrastructure and low-cost processing to target first gas in 2025.
Average Trading Volume: 1,997,467
Technical Sentiment Signal: Strong Buy
For a thorough assessment of HEX stock, go to TipRanks’ Stock Analysis page.