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Helix Exploration Plc ( (GB:HEX) ) has issued an update.
Helix Exploration has announced a commercial helium discovery in the Darwin #1 well at the Rudyard Project, Montana, marking a significant milestone for the company. The well has yielded high-grade helium with a concentration of 1.1% and demonstrated sustainable commercial flow rates, positioning the Rudyard field as a potential multi-million dollar revenue generator. The discovery supports multiple production wells, with each capable of producing substantial cash flow annually. The company’s strategic advantage lies in its ability to fast-track production due to favorable gas composition and existing infrastructure, potentially making Helix a strong contender in the helium market.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration company that focuses on the development of helium deposits within the ‘Montana Helium Fairway’. The company holds substantial assets, including 52 leases over the Ingomar Dome and 6,674 acres in Rudyard, Montana, both of which have demonstrated significant helium resources.
YTD Price Performance: 54.22%
Average Trading Volume: 2,310,591
Technical Sentiment Consensus Rating: Strong Buy
See more insights into HEX stock on TipRanks’ Stock Analysis page.
