REG - Helix Exploration - Mobilisation of Drilling Rig to Inez #1

Helix ExplorationAnnouncement

12/06/2025 07:00

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RNS Number : 5583M  Helix Exploration PLC  12 June 2025

12 June 2025

 

Helix Exploration PLC

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

Mobilisation of Drilling Rig to Inez #1

 

Helix Exploration, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', is pleased to
announce the mobilisation of rig and equipment to Inez #1 drill location, the
fourth Production well at the Rudyard Project, Montana has commenced.

Highlights:

·    Construction completed access road and drill pad at Rudyard

·    Mobilisation commenced utilising Treasure State Drilling Cardwell
KB-150 D1D drilling rig

·    Drilling of Inez #1 is well expected to commence next week

Bo Sears, CEO of Helix Exploration, commented:

"Mobilisation of drilling equipment to Inez #1 marks the rapid acceleration of
the development of the Rudyard Project.  The fourth production well is
strategically positioned to extend proven helium reserves and prepare
increased helium flow ahead of first production.  Expanded production
increases near-term cash flow, reduces the timeline to full-field production
and delivers stronger project economics and long-term value creation."

Rig Mobilisation

Helix has commenced mobilisation of rig and equipment to Inez #1 drill site at
the Rudyard project in Montana.  Inez #1 will be the fourth production well
to be drilled on the Rudyard field and is targeting the extension of proven
helium reservoirs in Souris and Red River formations to the south of Linda #1.

The additional production wells are intended to optimise ramp up to full field
production by increasing cash-flow within the first 6 months of production.
Greater cash-flow will allow the Company to expand its 2026 drilling campaign
and is anticipated to enable the Company to reach full-field production in one
year rather than two, improving overall project economics and NPV.

Drilling is expected to commence next week and will take circa 10 - 14 days to
complete.  Further announcements will be made in due course as drilling
commences.

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
 David Minchin  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

 Emily Hall     +44 (0)20 3757 4980
 Tilly Butcher  helixexploration@camarco.co.uk

 Billy Clegg

 

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 three 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/) .

 

 

 

 

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