Helix Exploration's Progress in Helium Exploration in Montana
Key Ideas
- Helix Exploration successfully listed on the AIM market of the London Stock Exchange in April 2024, raising £7.5 million, and acquired the Rudyard Project in June 2024.
- The Group commenced drilling at Clink #1 in August 2024, identifying significant helium and hydrogen within the Ingomar Dome.
- Positive results were seen with economic helium discovery at Darwin #1 and high-grade helium and hydrogen findings at Clink #1.
- The company aims for fast-tracking the development of the Rudyard Project, targeting first production and positive cash-flow in 2025, with a strong focus on transparency and communication with investors.
Helix Exploration PLC, a helium exploration and development company with assets in the Montana Helium Fairway, released its audited Annual Report and Financial Statements for the year ending 30 September 2024. The company has made significant progress since listing on the AIM market of the London Stock Exchange in April 2024. They acquired the Rudyard Project in June 2024 and embarked on drilling at Clink #1 in August 2024, identifying notable amounts of helium and hydrogen. With successful wells like Darwin #1 and Clink #1, Helix is pushing for the development of the Rudyard Project to achieve production and cash flow in 2025. The company emphasizes transparency and open communication as they progress towards production. The management's outlook is positive, highlighting the potential in Montana and expressing commitment to continuous growth and success in the helium exploration sector.