REG - Helix Exploration - Operational update

Helix ExplorationAnnouncement

13/02/2026 07:00

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RNS Number : 8563S  Helix Exploration PLC  13 February 2026

13 February 2026

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

Operational update

Helix Exploration PLC, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', provides an
operational update on its flagship Rudyard project.

During the final stages of commissioning, the Company identified a minor
technical issue with the Variable Speed Drive ("VSD"), which had temporarily
delayed the start of helium production. The issue has since been resolved, and
the VSD is now operating seamlessly.

Helix intends to provide a further update to the market regarding its
production milestone together with a broader operational update, during the
week commencing 16 February 2026. Once production is underway, Helix plans to
host several prospective offtake partners at the Rudyard site. The Company
will evaluate potential offtake arrangements with a focus on securing the most
attractive terms to maximise shareholder value.

 

Bo Sears, Chief Executive Officer of Helix Exploration, commented:

"Our team has worked tirelessly, and thanks to their dedication and expertise,
we are now closer than ever to achieving a significant milestone - becoming
the first helium producer in the state of the Montana.

"The Board remains confident in the tremendous potential of the Rudyard
project and is excited to take this important step towards production,
creating value for our shareholders while contributing to the global helium
market."

 

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

 

Camarco - Financial PR

 Tilly Butcher  +44 (0)20 3757 4980
 Sam Morris     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 Q1 2026. 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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