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Helix Exploration Plc ( (GB:HEX) ) has provided an update.
Helix Exploration, a helium exploration and development company, has announced successful flow test results at its Linda #1 well in the Rudyard Project, Montana. The well demonstrated superior performance with a flow rate 40% higher than previous tests, confirming its potential as a significant helium producer. The company plans to advance quickly with development, leveraging its strong reservoir performance and low-cost operating model to address supply gaps in the helium market. This development positions Helix as a key player in the evolving helium supply chain, with the potential for significant long-term value for shareholders.
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: 2,040,733
Technical Sentiment Signal: Strong Sell
Learn more about HEX stock on TipRanks’ Stock Analysis page.