REG - Helix Exploration - Project Update at the Flagship Rudyard Project

Helix ExplorationAnnouncement

13/10/2025 07:00

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RNS Number : 0752D  Helix Exploration PLC  13 October 2025

13 October 2025

 

Helix Exploration PLC

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

Project Update at the Flagship Rudyard Project

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 its flagship Rudyard project as it progresses towards
first helium gas production.

Highlights:

·      Mobilisation of the PSA plant to site is due to commence this
week

·      All insurance is now complete and ready for the first helium gas
production

·      The Helium PSA plant has been fully tested and is ready for
production

·      Site preparation and construction of the custom-built housing
facilities are 100% complete

·      Final key components of PSA are scheduled to arrive in November
2025

·      The first helium production is anticipated to commence shortly
after the final components arrive on site in November 2025

·      Helix is in advanced discussions with multiple industrial gas
companies regarding off-take arrangements and the Company will provide
further updates in due course

·      As announced on 10 September 2025, the Company plans to perforate
the upper Souris River formation at Inez #1. Recompletion activities are
scheduled to re-commence once a workover unit becomes available, which is
expected within the next few weeks.

Bo Sears, CEO of Helix Exploration, commented: "We are delighted with the
progress Helix has made over the past six months as we enter the final phase
before becoming the first producer of its kind in the State of Montana. The
pace at which the team has executed this phase of the Rudyard project is a
real testament to their professionalism and commitment. Achieving this level
of progress so soon after listing is an exceptional accomplishment. We are
excited about the opportunities that production presents for the Company and
remain focused on maintaining this momentum through the remainder of 2025,
into 2026, and beyond."

Project Update

Progress at the Company's flagship project in the Rudyard field, Montana,
continues to advance with multiple workstreams for production nearing
completion.

Construction of the Company's main asset, the PSA plant, has now been
completed. The plant was assembled by Wikota Design & Construction LLC
("Wikota") at their plant in Houston. A Helix representative has inspected and
approved the PSA plant for transport, and it is now being prepared for
shipment by truck to the Rudyard site.

On site in Montana, the PSA plant will be housed in our fully completed,
custom-built plant facility. Instillation of the membrane and PSA will be
conducted by a team of engineers from Wikota, with support from Nu Wave
Services of Havre, Montana who have overseen the assembly of key components,
including the gathering system, membranes, and electrical and gas supply.

Once the helium compressor unit, which is scheduled for delivery in November
2025, arrives at the site, the final connection process will begin. This is
expected to be a two-week process to install and then bring the plant online.

Commercialisation

The Board has a clear strategy to deliver long term value for Helix
shareholders as it enters this pivotal stage for the Company. The Board are in
discussions with multiple industrial gas companies regarding potential offtake
contracts. The Company will update the market accordingly once a contract has
been signed with the selected partner.

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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