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

Helix ExplorationAnnouncement

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RNS Number : 3783M  Helix Exploration PLC  22 December 2025

22(nd) December 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:

·      The PSA compressor, the final long lead item required for helium
production, has been fully assembled and is en route to Rudyard.   It is
estimated that the compressor will be onsite at Rudyard in the next 3 days.
All preparatory work has now been completed offsite to reduce installation
time and commissioning is expected to take 4-5 business days once onsite.

·      Offtake - discussions with industry leaders are expected to be
concluded once first gas commences and further announcements will be made in
due course.

·      Hydrogen potential - Helix is in active discussions with several
globally recognised Tier 1 partners regarding potential hydrogen-related
collaboration. These discussions remain at an early stage, and the Company
will update the market on any further developments.

·      Helix has acquired additional leases at Rudyard totaling 1,363
acres for modest cash consideration

·      Inez#1 - Drilling operations have been running slower than usual
due to severe winter weather.  We are currently pausing operations until
after the holiday season when the drilling campaign is expected to resume.

 

Bo Sears, CEO of Helix Exploration, commented: "We are excited to soon become
the first helium producer in the State of Montana & the opportunities that
production will present for the Company.  The team remain laser focused on
maintaining the momentum built up since the IPO and I look forward to updating
the market on the anticipated production milestone."

 

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 Brokers

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

Camarco - Financial PR

 Tilly Butcher  +44 (0)20 3757 4980
 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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