REG - Helix Exploration - Directorate Change

Helix ExplorationAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250801:nRSA5078Ta&default-theme=true

RNS Number : 5078T  Helix Exploration PLC  01 August 2025

1 August 2025

 

Helix Exploration PLC

("Helix Exploration" or "Helix" or the "Company")

Directorate Change

Helix Exploration, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', is pleased to
announce the appointment of Keith Spickelmier as Non-Executive Chairman,
replacing David Minchin with immediate effect.

David Minchin has served as Executive Chairman of Helix Exploration since its
inception in September 2023, leading the Company through its successful
admission to AIM in April 2024 and advancement on the London market. He has
played a key role in securing approximately £17.75 million in equity
investment to support Helix's development from exploration to production. The
Board extends its thanks to David for his contribution to the Company's
growth, and wishes him every success in his future endeavours.

Keith Spickelmier has been appointed as independent Non-Executive Chairman to
assist in guiding the Company through the next phases of its growth
strategy.  Keith Spickelmier is a highly experienced energy executive with a
proven track record in founding, scaling, and monetising oil and gas ventures.

Keith is the Co-Founder and Chairman of Sintana Energy Inc. (TSXV: SEI), a
Canadian-listed company with strategic exposure to hydrocarbon assets in
Colombia, Namibia, and Angola, and an enterprise value of approximately
CAD$230 million as at the date of this announcement. Under his leadership,
Sintana has raised in excess of CAD$55 million in funding and secured joint
ventures with ExxonMobil in Colombia and with Chevron, GALP and others in
Namibia and Angola. He also co-founded and serves as Executive Chairman of
Discovery Energy, which holds a 580,000-acre license in the Cooper Basin,
Southern Australia. In addition, Keith is also a Board Member of Burgundy
Exploration, which has assets on the North Slope of Alaska.

In 2003, Keith founded Westside Energy Corp., growing it from inception to a
successful exit in 2008 via a sale valued at approximately $200 million.
Additionally, he co-founded JK Acquisition Corp., a SPAC listed on the
American Stock Exchange, which raised $80 million in its initial public
offering.

Keith holds a J.D. from the University of Houston and a B.A. from the
University of Nebraska at Kearney. Prior to his entrepreneurial career, he
practiced law for over a decade and became a partner at Verner, Liipfert,
Bernhard, McPherson and Hand, providing a foundation for his disciplined
approach to corporate governance and transactional structuring.

David Minchin, Departing Chairman of Helix Exploration, commented:

"Having worked with Helix since its inception in September 2023, I am proud of
the growth and significant milestones we have achieved.  It is rare to take a
company from IPO to production in less than 18 months and requires skill and
determination as well as excellence in execution.  I would like to
congratulate Bo and the team for working tirelessly to deliver cost effective
exploration and development against challenging market conditions.

"The next stage of Helix's development requires new leadership with a skillset
better suited to a producing company with positive cashflow and M&A
opportunities.  I therefore welcome Keith to the position of Non-Executive
Chairman and am confident that under his guidance the Company will continue to
succeed."

Keith Spickelmier, Incoming Non-Executive Chairman of Helix Exploration,
commented:

"I have served as a Non-Executive Director at Helix Exploration since IPO in
April 2023 and am delighted to be taking on the position of independent
Non-Executive Chairman at such an exciting and transformational time. The
Company is currently in a very strong position; fully financed with supportive
institutional investors, four production wells already drilled with a fifth on
the way, and production plant construction commenced and going well.  I want
to thank David Minchin for his work with Helix and wish him all the best in
his future exploration endeavours."

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation, and the Directors of the Company are responsible for
the release of this announcement.

Enquiries

Helix Exploration

 Bo Sears           via Camarco
 Keith Spickelmier  info@helixexploration.com

Cairn - Nominated Adviser

 Liam Murray          +44 (0)20 7213 0880
 Ludovico Lazzaretti
 James Western

 

Hannam & Partners - Joint Broker

 Neil Passmore     +44 (0)20 7907 8502
 Leif Powis

 Tavira Financial - Joint Broker
 Chris Kipling                       +44 (0)20 7100 5100

 Oliver Stansfield

 Jonathan Evans

Camarco - Financial PR

 Tilly Butcher  +44 (0)20 3757 4980

 Emily Hall
 Billy Clegg    helixexploration@camarco.co.uk

Notes to Editors

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 of helium systems in the
US, the Company listed in April 2024.

Helix is focused on production at its Rudyard Project in northern Montana,
taking advantage of existing infrastructure and low-cost processing to target
first gas in 2025. The Company has four production wells targeting up to 236ft
Helium / Nitrogen gas in the Souris and Red River formations, flowing up to
3,800 Mcf/day at 1.2% helium. Rudyard field can support multiple production
wells and has potential to generate net revenue of $115 - $220 million over a
12.5 year life of field.

Helix is committed to open and transparent communication with investors and
the wider market as the project progresses through development into
production.

"Our approach is simple: build scale efficiently, develop resources
strategically, and deliver near-term cash flow." CEO - Bo Sears

The Company's Admission Document, and other information required pursuant to
AIM Rule 26, is available on the Company's website
at https://www.helixexploration.com/ (https://www.helixexploration.com/) .

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABFLLXEDLLBBE