REG - Helix Exploration - Mobilisation of Flow Testing Equipment to Inez #1

Helix ExplorationAnnouncement

18/08/2025 07:00

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RNS Number : 6902V  Helix Exploration PLC  18 August 2025

18 August 2025

 

Helix Exploration PLC

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

Mobilisation of Flow Testing Equipment to Inez #1

Helix Exploration, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', is pleased to
provide an update on flow testing scheduled for Inez #1 at the Rudyard field.

Highlights:

·    Mobilisation of work-over rig and testing equipment to commence on
Monday 18 August 2025.

·    Testing will commence with perforation at Inez #1 well on Tuesday 19
August 2025.

·    Testing will target helium-bearing intervals within the Lower Souris
River and Red River formations.  These zones will be perforated and
flow-tested to evaluate reservoir productivity and helium concentrations.

·    Testing is expected to be completed by the end of the month, with
results to be announced following receipt of helium assays.  The Company will
provide an update to the market in due course.

 

Bo Sears, CEO of Helix Exploration, commented:

"Our mandate is clear: to deliver helium production that meets growing global
demand. The imminent testing of this promising helium zone at Inez #1
represents an exciting time for the Company, building on established
production capacity from our drilled wells at Darwin, Linda and Weil.  Work
is progressing at speed on the ground, gearing up for near term production as
we enter a highly active and exciting second half of the year.

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 (mailto: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 (mailto: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.

 

 

 

 

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