Business
Commencement of Drilling
Commencement of Drilling.
About this update from Helix Exploration Plc
[{"type":"text","content":"\n\n12 August 2024\nHelix Exploration PLC\n(\"Helix Exploration\" or \"Helix\" or the \"Company\")\n \nCommencement of Drilling\n \n \nHelix Exploration, the helium exploration and development company focused on helium deposits within the 'Montana Helium Fairway', is pleased to announce that, further to the announcement on 22 July 2024, drilling of the Clink #1 well on the Ingomar Dome project area in Montana has commenced.\n \nHighlights\n· Commencement of drilling the Clink #1 well, to test the stacked reservoir targets in the Amsden, Charles, Flathead Formations and fractured pre-Cambrian basement.\n· Historic drilling has identified nitrogen-rich gas in Amsden, Charles and Flathead formations that has never been assayed for helium.\n· Drilling will take 3-4 weeks to complete, followed by wireline logging and extended flow tests.\n· First well in two-well Q3 drilling programme with the second well to be drilled to appraise contingent helium resources at the Rudyard Project.\n \nBo Sears, CEO of Helix Exploration, said:\n \n\"We are delighted to commence drilling at the Clink #1 well on the crest of the Ingomar Dome anticline. Clink #1 will test stacked reservoir targets with known gas identified in the Amsden, Charles and Flathead formations. This well will allow us to fully appraise each target horizon with an extended flow test. If successful, the Clink #1 well will be used as a future production well, reducing time and cost to move towards first gas production anticipated before the end of 2025.\n \n\"I'd like to express my gratitude to everyone involved in bringing the company from IPO to drilling in less than 4 months. We look forward to keeping the market informed and to delivering a safe and successful drilling campaign.\"\n \nBackground\nHelix commenced drilling at Clink #1 well on the Ingomar Dome project in Montana at approximately 10:00 MST on Sunday 11th August 2024. Drilling is expected to take 3-4 weeks followed by wireline logging and extended appraisal flow tests.\nClink #1 primary target is the Flathead Formation at 7,410ft (2,260m) which is the main horizon producing helium within the Montana helium fairway. Secondary targets are the Amsden Formation at 3,840ft (1,170m) and ...