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Helix Exploration Plc ( (GB:HEX) ) just unveiled an update.
Helix Exploration PLC, a helium exploration and development company, has announced significant scientific findings from its Rudyard Project, located within the ‘Montana Helium Fairway’. The company focuses on helium production, leveraging existing infrastructure to achieve near-term production goals. Recent studies have confirmed the presence of minerals that generate hydrogen naturally, and isotope analysis has shown a strong mantle helium signature. These findings suggest the Rudyard Project could become a major source of clean hydrogen and helium, potentially impacting the clean-energy sector by providing a cost-effective and environmentally friendly alternative to traditional hydrogen production methods.
More about Helix Exploration Plc
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.
Average Trading Volume: 1,256,766
Technical Sentiment Signal: Buy
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