Just a reminder of what we are here for!29 Jan 2026 13:26
Helix Exploration PLC (AIM: HEX) is currently in a high-activity phase as it nears its goal of becoming Montana's first commercial helium producer.
Recent updates include:
Production Progress at Rudyard: On 12 January 2026, the company reported that production from its flagship Rudyard Project is imminent. Operations at the Inez #1 well are currently undergoing re-entry as the company moves into final execution.
Potential for Hydrogen: Recent studies of rock cuttings from Rudyard identified minerals (serpentine, olivine, and magnetite) that suggest the site could also serve as a source for natural (white) hydrogen.
Corporate & Financial:
The company recently processed an exercise of warrants (26 January 2026), typically a sign of investor activity following its successful 2024 IPO.
Helix is in discussions with Tier 1 counterparties regarding potential offtake agreements for both helium and hydrogen.
Operational activity at the Inez #1 well was briefly paused due to severe winter weather but is scheduled to resume as conditions improve.
Market Status: Shares are trading around 27.00p (as of late January 2026), with analyst price targets as high as 93.00p–94.86p.
Key Project Overviews:
Rudyard Project: Contains estimated reserves of 355 million cubic feet of recoverable helium. The project uses a modular PSA (Pressure Swing Adsorption) plant to enable rapid commercialisation.
Ingomar Dome: A secondary project covering roughly 16,512 acres with significant prospective resources