Zak Mir talks to David Minchin, Chairman Helix Exploration in the wake of the latest news from the helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’.
Helix has completed test work on the Amsden formation, one of three target zones at the Clink #1 well.
- Amsden results at Ingomar & Flathead’s incredible potential
- Plans to stimulate the Flathead & Charles formations
- Upcoming flow testing at Rudyard targeting commercial helium Listen here
Rudyard Update
Helix is currently mobilising equipment and crew to Rudyard project to commence testing on Darwin #1. Testing is due to commence on 2 December 2024 with results to be published once sample assays are received from the laboratory. Historic drilling has previously identified 0.9-1.3% helium and commercial flow rates from the Red River and Souris intervals. Additionally, Helix will be testing the Dry Creek and intervals in the Upper Cambrian where wireline logging has identified gas effect, which offers the potential to significantly increase the size of the resource at Rudyard.
Conclusion: A Promising Future Ahead
Helix Exploration is navigating the complex landscape of helium exploration with a clear focus on sustainable growth and cash flow generation. Despite recent challenges, the company has several promising avenues to explore, particularly in the Flathead and Charles formations. The upcoming results from the Rudyard project could also serve as a catalyst for the company’s growth.
As the demand for helium continues to rise, Helix Exploration is well-positioned to leverage its assets and expertise in the industry. Investors and stakeholders alike will be watching closely as the company progresses in its exploration efforts and strives to unlock the potential of its helium resources.
