Helix Exploration Plc ( (GB:HEX) ) has issued an announcement.
Helix Exploration PLC announced the commencement of re-entry and acidisation of the Clink #1 well, a strategic move to stimulate helium flow from the Charles Formation. This operation, set to begin mid-February 2025, signifies Helix’s focus on leveraging existing resources to enhance production capabilities. The initiative is part of broader efforts to develop the Rudyard Project into a production-ready field, supported by recent funding of £5 million. Helix aims to deliver first gas production in 2025, underlining its commitment to advancing its helium production potential and maintaining transparent communication with investors.
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 in helium systems in the US, the company listed in April 2024, raising £7.5 million from an offer book of over £22 million. Helix has drilled wells at the Rudyard and Ingomar Dome Projects, demonstrating potential for helium and hydrogen production.
YTD Price Performance: -12.29%
Average Trading Volume: 2,187,238
Technical Sentiment Consensus Rating: Strong Buy
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