At least Zaks' still positive27 Nov 2024 21:22
Helix Exploration (HEX), the helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, has completed test work on the Amsden formation, one of three target zones at the Clink #1 well, and has identified sub-economic helium grades. HEX said while not the results we were hoping for from the Amsden formation, one of three reservoir targets in the Clink #1 well, there is significant opportunity within the Ingomar project from the Charles formation, where acidisation and appraisal is due to commence, and our primary target in the Flathead formation which has supported the case for the Ingomar Dome with the presence of 2.5% helium and 55% hydrogen.
Comment: A bump in the road perhaps for HEX, but one would expect that as in September the share price dip will be a decent dip to buy into, given the big picture potential of the company.