Helium and Hydrogen Discovery in Montana: Helix Exploration's Promising Drilling Results
Key Ideas
- Chairman David Minchin of Helix Exploration PLC discusses the successful drilling completion in Montana, with helium shows detected in all target horizons.
- An unexpected discovery of up to 10.3% hydrogen in the Cambrian strata adds further significance to the project.
- The company plans wire lining, flow testing, and gas sample analysis, aiming to confirm commercial quantities and shape future operations.
- Promising results suggest the potential for a hydrogen, helium, and nitrogen system across multiple formations, hinting at a positive impact on the company's development strategy.
Helix Exploration PLC recently completed drilling at the Clink #1 well within the Ingomar Dome project in Montana, under budget and ahead of schedule. The chairman, David Minchin, highlighted the significant presence of helium shows across all target horizons, a key milestone before wire lining and flow testing. In a surprising twist, the drilling also unveiled up to 10.3% hydrogen in the Cambrian strata, potentially indicating a broader gas system. Minchin expressed optimism about the findings, suggesting a possible hydrogen, helium, and nitrogen system in various formations that could impact their future operations positively. The company is now gearing up for wire lining, flow testing, and gas sample analysis to confirm commercial quantities. These upcoming results will guide their development strategy as they move closer to a potential commercial discovery. Overall, the drilling results in Montana have been promising, offering Helix Exploration PLC an exciting opportunity to further explore and exploit the resources in the region.