Business
Helium Sales Arrangement
Helix Exploration PLC has secured its first revenue-generating helium sales arrangement with an industrial gases group for its Rudyard Project, marking its commercial debut. The initial three-month spot sales arrangement commits the counterparty to taking 100% of available helium volumes, estimated at 30 to 40 Mcf per day, with an anticipated extension. Pricing reflects current prevailing spot market rates and significantly exceeds the company's pre-IPO model assumptions, with the counterparty also arranging additional trailer capacity to ensure continuous supply. Helix continues to pursue longer-term and larger-volume arrangements to diversify its market access. Disclaimer*
About this update from Helix Exploration Plc
[{"type":"text","content":"\n\n20 May 2026\n \nHelix Exploration PLC\n (\"Helix Exploration\" or \"Helix\" or the \"Company\")\n \nHelium Sales Arrangement\nHelix Exploration PLC (AIM: HEX, OTCQB: HEXFF), the helium exploration and development company advancing the Rudyard Helium Project (\"Rudyard\") in northern Montana, is pleased to announce that it has agreed terms for an initial short-term spot sales arrangement (the \"Arrangement\") with an industrial gases group (the \"Counterparty\") for the supply of helium produced at Rudyard. The Arrangement represents the Company's first contracted route to market for helium produced at Rudyard.\n \nHighlights\n\nFirst revenue-generating helium sales arrangement secured, marking the Company's commercial debut in the helium market following the commencement of production at Rudyard on 23 February 2026.\n​Pricing reflects current prevailing spot market rates and significantly exceeds the Company's pre-IPO model assumptions. Commercial terms, including the identity of the Counterparty and the specific price, are confidential between the parties, as is standard practice in offtake arrangements of this nature.\nProduction is currently from three wells; with further wells available for acceleration as the Arrangement scales.\nThe Counterparty has committed to take 100 per cent. of helium volumes available for delivery from Rudyard for an initial period of approximately three months, with both parties anticipating an extension given current market conditions.\nInitial expected delivered volumes of approximately 30 to 40 Mcf per day.\nThe Counterparty has agreed to arrange additional trailer capacity to support a continuous rotation, removing any logistics bottleneck on Helix's ability to deliver volumes.\nThe Company continues to advance discussions for longer-term and larger-volume arrangements, consistent with the Board's strategy of building a diversified route-to-market portfolio.\n\n \nBackground and operational detail\nFollowing first helium production at Rudyard, as announced on 23 February 2026, the Company has been engaged in active commercial discussions with a number of potential offtake partners. The Board's stated strategy has been to secure a mix of short and longer-term arrangements as production scales, commencing with spot transactions that establish market relationships and...