Business
Half-year Report
Mendell Helium plc reported a retained loss of £505,000 for the six months ended 30 September 2025, with administrative expenses reduced by 3.5% to £550,000. Post-period, M3 Helium's Rost 1-26 well is producing helium in commercial quantities, with a December 2025 flow rate of 250 Mcf per day, valued at approximately $1.4 million annually. The company is in advanced discussions with US investors for a new production well and has an agreement in principle to recomplete a disused well. Mendell Helium's option to acquire M3 Helium has been extended to 28 February 2026. Disclaimer*
About this update from Mendell Helium Plc
[{"type":"text","content":"\n\n\n \nMendell Helium plc\n \n(\"Mendell Helium\" or the \"Company\")\n \nUnaudited Interim Results for the six months ended 30 September 2025\n \nThe unaudited interim results of Mendell Helium plc for the six months ended 30 September 2025 are presented below.\n \nHighlights:\n \n· Administrative expenses of £550,000 reduced by 3.5% on prior year (2024: £570,000)\n· Retained loss of £505,000 reflects preparations for acquisition of M3 Helium Corporation (\"M3 Helium\")\n \nPost period operational highlights:\n \n· M3 Helium's Rost 1-26 well (\"Rost\") is producing helium in commercial quantities\n· Flow rate at Rost was measured in December 2025 at 250 Mcf per day - a 132% increase over the last measured rate in November 2025, equating to a potential value of approximately $3,800 of helium per day or approximately $1.4 million per year\n· Rost is now flowing gas even when the pump is turned off\n· Advanced discussions with a group of US based investors who have expressed interest in supporting M3 Helium in drilling a new production well in the Fort Dodge region\n· Agreement in principle with a local well owner to dewater and recomplete a currently disused well\n \nAs announced on 27 June 2024, the Company has an option (the \"Option\") to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in six producing wells. There is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission. As announced 1 December 2025, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 28 February 2026.\n \nThis announcement contains inside information for the purposes of UK Market Abuse Regulation and has been arranged for release by Eric Boyle, Chairman. The Directors of the Company accept responsibility for the content of this announcement.\n \nEngage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Inve...