In this interview, StockBox spoke to Nick Tulloch, CEO of Mendell Helium (AQSE: MDH), he outlined a major proposed helium production facility at Rost, strong drilling success at Rost-2, and new funding strategies to accelerate growth.
With new non-dilutive funding from US investors and plans to expand operations across Fort Dodge, Mendel Helium is entering a period of rapid growth and operational momentum.
Key Topics Discussed:
- Proposed 1,000 Mcf/day helium processing facility
- Rost-2 drilling success and helium shows
- Modular expansion and scaling potential
- US investor funding model (non-dilutive)
- AIM listing plans
Proposal to install 1,000 Mcf/day helium production facility at Rost
Nick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: “In another validation of M3 Helium’s operations at Rost and the Rost Twin, this proposed collaboration with a leading helium producer represents a significant expansion of operations. The proposal received from M3 Helium’s partner to size the facilities at 1,000 Mcf/day illustrates its view of the potential of the two Rost wells.
“The conflict in the Middle East has generated some speculation on the direction of helium prices. Whatever the short term benefits may be to helium producers, the long term opportunity centres on the fragility of global helium supplies. Working with an industry partner to produce purified helium at M3 Helium’s well site represents a significant commercial advantage.
“Completion and perforation operations will shortly be underway for the Rost Twin and both Rost wells will be serviced by the facilities already in place at Rost before this proposed redevelopment.”
