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 flow testing scheduled for Inez #1 at the Rudyard field.
Highlights:
· Mobilisation of work-over rig and testing equipment to commence on Monday 18 August 2025.
· Testing will commence with perforation at Inez #1 well on Tuesday 19 August 2025.
· Testing will target helium-bearing intervals within the Lower Souris River and Red River formations. These zones will be perforated and flow-tested to evaluate reservoir productivity and helium concentrations.
· Testing is expected to be completed by the end of the month, with results to be announced following receipt of helium assays. The Company will provide an update to the market in due course.
Bo Sears, CEO of Helix Exploration, commented:
“Our mandate is clear: to deliver helium production that meets growing global demand. The imminent testing of this promising helium zone at Inez #1 represents an exciting time for the Company, building on established production capacity from our drilled wells at Darwin, Linda and Weil. Work is progressing at speed on the ground, gearing up for near term production as we enter a highly active and exciting second half of the year.
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/.
