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

Helix ExplorationAnnouncement

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RNS Number : 4885O  Helix Exploration PLC  12 January 2026

12 January 2026

 

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:

 

·      Helium processing plant commissioning - The pressure swing
adsorption compressor, the final long lead item required for helium
production, has been delivered to the Rudyard processing facility and is in
the process of being installed. The unit was fully manufactured and factory
prepared prior to delivery. Following mechanical installation, the system will
be integrated through permanent process connections and instrumentation tie
ins, after which electrical completion will be finalised. Commissioning and
start up is expected to commence after this process is completed.

·      Inez No. 1 well re-entry and coring - Re-entry operations have
commenced at Inez No. 1 well. The well will be deepened to core the ultramafic
Precambrian interval previously encountered, which exhibits geological
characteristics associated with natural hydrogen generation and following
coring operations, perforate the entire Souris River zone Operations are
expected to be completed by 19 January 2026. The core recovered from
operations will be submitted for detailed laboratory analysis and the interval
will undergo a basic formation test

·      Helium offtake discussions - The Company remains engaged in
active discussions with multiple helium offtake counterparties. Helix expects
to conclude commercial offtake arrangements following the commencement of
production and will update the market as required once agreements are
executed.

·      Hydrogen opportunity - Helix continues discussions with several
interested Tier 1 parties regarding the hydrogen potential of the Rudyard
Field. The Company believes the project exhibits the key elements required for
natural hydrogen prospectivity, including ultramafic lithologies and a notably
elevated helium 3 to helium 4 isotope ratio. These discussions remain ongoing.

Bo Sears, CEO of Helix Exploration, commented: "Activity at Rudyard has
accelerated as we enter the final stages ahead of first helium production. The
delivery and installation of the PSA compressor marks an important milestone,
and operations on the Inez No 1 well are progressing as planned. We are
focused on executing safely, efficiently, and transparently as we move into
production and advance our evaluation of the broader hydrogen opportunity. I
look forward to updating shareholders as we achieve these near-term
milestones."

 

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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