Helix Exploration Plc (GB:HEX) has released an update.
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Helix Exploration Plc has encountered significant helium and hydrogen gas deposits at the Clink #1 well within the Montana Helium Fairway, although operational activities are temporarily paused to mobilize a new rig for casing installation. The well reached a depth of 8,030 feet and showed positive results for helium, confirming the presence of the gas in all target reservoir horizons. Despite the delay due to wellbore instability, Helix remains fully funded and is preparing to complete and test the well as soon as possible.
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