Business
Result of AGM
Result of AGM.
About this update from Helix Exploration Plc
[{"type":"text","content":"\n\n20 March 2025\n \nHelix Exploration PLC\n(\"Helix Exploration\" or \"Helix\" or the \"Company\")\nResult of AGM\nHelix Exploration, the helium exploration and development company with near-term production assets within the 'Montana Helium Fairway', announces that at the Annual General Meeting (\"AGM\") of the Company held today, all resolutions were duly passed.\nThe Directors of the Company are responsible for the release of this announcement.\nEnquiries\nHelix Exploration\n\n\n\n\nBo Sears\n\n\nvia Camarco\n\n\n\n\nDavid Minchin\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nCairn - Nominated Adviser\n\n\n\n\nLiam Murray\n\n\n+44 (0)20 7213 0880\n\n\n\n\nLudovico Lazzaretti\n\n\n\n\n\n\n\nJames Western\n\n\n\n\n\n\n\n \nHannam & Partners - Joint Broker\n\n\n\n\nNeil Passmore\n\n\n+44 (0)20 7907 8502\n\n\n \n\n\n\n\nLeif Powis\n\n\n \n \n\n\n \n\n\n\n\nTavira Securities - Joint Broker\n \nChris Kipling\nOliver Stansfield\nJonathan Evans\n \n\n\n \n+44 (0)20 7100 5100\n\n\n\n\n\n\n\n\n\n\nCamarco - Financial PR\n\n\n\n\nEmily Hall\n\n\n+44 (0)20 3757 4980\n\n\n\n\nTilly Butcher\nBilly Clegg\n\n\[email protected]\n\n\n\n\n \nNotes to Editors\nHelix Exploration is a helium exploration company focused on the exploration and development of helium deposits within the 'Montana Helium Fairway'. Founded by industry experts with extensive experience of helium systems in the US, the Company listed in April 2024 raising £7.5 million from an offer book of over £22 million.\nThe Company has drilled two wells on two assets in 2024. Darwin #1 well at Rudyard Project tested 236ft in the Souris and Red River formations, flowing 2,750 Mcf/day at 1.1% helium. Rudyard field can support multiple production wells and has potential to generate net revenue of $115 - $220 million over a 12 - 14 year life of field.\nClink #1 well at Ingomar Dome Project recovered gas samples from the Flathead Formation assayed at 55.2% Hydrogen in gas sample isolated from drilling mud and 2.5% helium in gas sample recovered from the reservoir. Gas samples demonstrate helium and hydrogen potential with additional stimulation required to potentially generate commercial flow rates in Flathead and Charles formations.\nHelix Exploration is focused on early production at the Rudyard Projects, taki...