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Helium Gas-Shows in Amsden and Charles Formations
Helium Gas-Shows in Amsden and Charles Formations.
About this update from Helix Exploration Plc
[{"type":"text","content":"\n\n19 August 2024\nHelix Exploration PLC\n(\"Helix Exploration\" or \"Helix\" or the \"Company\")\n \nHelium Gas-Shows in Amsden and Charles Formations\n \n \nHelix Exploration, the helium exploration and development company focused on helium deposits within the 'Montana Helium Fairway', is pleased to report the identification of significantly elevated helium in drilling mud (a \"gas-show\") within the Amsden and Charles formations. \n \nSignificant elevated helium was identified while drilling in the Amsden formation at a depth of 3,885ft (1,185m) on 17 August 2024 at 03:15 MST, reaching peak readings at 50x over background level. Low gamma at bit readings over this same interval demonstrate a clean reservoir. Analysis of drill cutting identified these anomalies to be associated with the Amsden formation.\n \nThe Amsden formation has previously been drilled and tested for gas in the Hilliston #1 well, roughly 200 metres east of current operations at the Clink #1 well. The Hilliston #1 well tested a 195ft column of non-flammable gas from the Amsden Formation at high flow rate and minimal pressure loss over 30 days. The gas was tested at approximately 80% Nitrogen and was not assayed for helium.\n \nThe Clink #1 well is currently in the Charles Formation at a depth of 5,150ft (1,570m) with drilling continuing. Significant elevated helium was identified in multiple gas-shows from 4,860ft (1,480m) reaching peak values at 130x over background level.\n \nThe Charles formation has previously been drilled and tested for gas in the Froze To Death and Treasure #18-1 wells, both of which are down-dip of the current Clink #1 well. These wells tested 175ft and 145ft columns respectively of non-flammable gas which was tested at approximately 80% nitrogen and was not assayed for helium.\n \nThe detection of a helium gas-show over these intervals confirms the presence of helium within the previously identified gas system. The Company is drilling on to the primary target in the Flathead formation at approximately 7,410ft (2,260m) and planned total depth at approximately 8,000ft (2,440m). Drilling is progressing well and remains on schedule.\n \n \nBackground\nIn helium exploration, the identification of a helium gas-show indicates a recorded increa...