HeLIX Exploration PLC Celebrates Successful Drilling Operations and Unexpected Hydrogen Discovery in Montana
Key Ideas
  • Drilling at Clink #1 well in Montana's Ingomar Dome project completed ahead of schedule and under budget with helium shows across all target horizons.
  • Unexpected discovery of up to 10.3% hydrogen in the Cambrian strata alongside significant helium presence in multiple formations.
  • Positive outlook as wire lining and flow testing are set to proceed, with potential for a hydrogen, helium, and nitrogen system, offering profitable opportunities.
  • Next steps involve wire lining, flow testing, and extended well flow tests to determine long-term production rate and develop commercial plans.
HeLIX Exploration PLC's Chairman, David Minchin, expressed delight in the successful drilling completion at the Clink #1 well within the Ingomar Dome project in Montana. The drilling operations finished ahead of schedule and under budget, with the discovery of helium shows in all target horizons. Additionally, an unexpected finding of up to 10.3% hydrogen in the Cambrian strata was noted, potentially indicating a hydrogen, helium, and nitrogen system in various formations. Minchin emphasized the importance of the helium presence throughout their system as a positive indicator for wire lining and flow testing. The revelation of hydrogen, although unexpected, was viewed optimistically as it could lead to profitable opportunities when extracted from subsurface, potentially impacting the company's bottom line. The next steps for HeLIX Exploration involve running the wire line, targeting areas with reservoir porosity and gas effects for flow testing. Cementing the casing into place will precede the flow test, aiming to provide a sample of gas at the surface to declare a discovery. This will be followed by extended well flow tests to determine the long-term production rate and gather commercial modeling information for development programs. Overall, the article conveys a positive sentiment towards the unexpected hydrogen discovery alongside the successful drilling operations in Montana, highlighting the potential commercial benefits and profitable outcomes for HeLIX Exploration PLC.
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