Exciting Helium and Hydrogen Discoveries at Clink #1 Well in Montana
Key Ideas
  • Helix Exploration's Clink #1 well in Montana has shown significant helium potential in the Flathead formation, with a helium concentration of 2.5% and high hydrogen concentrations of 55.2% in the gas samples.
  • The Amsden formation at Clink #1 demonstrated robust gas production potential, flowing 4,250 Mcf/d of raw gas, with an estimated Absolute Open Flow of up to 8,000 Mcf/d, showcasing strong commercial viability.
  • While the Charles formation did not flow gas during initial testing, promising reservoir indications were observed, and Helix plans to revisit the area to unlock its full value, indicating a positive outlook for further exploration.
  • The unexpected discoveries highlight the untapped potential of Helix Exploration's Montana Helium Fairway acreage, setting a strong foundation for advancing shareholder value and future collaboration opportunities in the hydrogen field.
Helix Exploration PLC, a helium exploration and development company, provided an update on testing operations at the Clink #1 well at the Ingomar Dome Project in Montana. The Clink #1 well yielded exciting results, including a 2.5% helium concentration in the Flathead formation gas sample, indicating significant helium potential that requires additional stimulation for commercial flow rates. Moreover, a gas sample isolated from drilling mud revealed 55.2% hydrogen in the Flathead formation, presenting unique opportunities for collaboration in the hydrogen sector. The Amsden formation at Clink #1 demonstrated strong gas production, flowing 4,250 Mcf/d of raw gas, with an estimated Absolute Open Flow of up to 8,000 Mcf/d, confirming its commercial viability. Although the Charles formation did not flow gas initially, positive reservoir indications were observed, showcasing potential for future exploration. Helix Exploration expressed enthusiasm over the discoveries at Clink #1, noting the milestone event of helium discovery and the significant achievements made since the company listed. The unexpected findings have opened doors for collaboration with hydrogen experts to explore further value from the reservoir. The company remains confident in the untapped potential of its Montana Helium Fairway acreage, aiming to enhance shareholder value and pursue additional discovery announcements by the year's end. Overall, Helix Exploration's successful testing of multiple formations at Clink #1 has unveiled promising prospects in helium and hydrogen exploration, setting a positive tone for future developments in the energy and industrial gas markets.
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