Member Info for LordWM

Https://x.com/robert_ivanhoe/status/1948045132718387416?s=46

Yes great news, a long term hold into production and beyond for me. Lots of exciting potential with Atome, across their CAN pipeline and possible power projects.

"I think you have the wrong Rudyard on the map, near leek UK. But never mind! Changes nothing…"

If you copy&paste the whole link it works, it only hyper-linked the first part for some reason, sorry about that.

I’m sure I remember this being covered by BT in his first investor meet company q&a immediately after the settlement. Worth reviewing.

Clear breakout now to a 14 year high.

Today's tweet does say 'First production on track', whish should mean by end of summer, which has always been the guidance.

https://x.com/HelixExp/status/1945005700306100439

I believe the 20 acre lease is the sit ethey bought for the plant, they just located the equipment on the highest part of the 20 acres. Land will be cheap, they could have easily bought another site closer to the the Northern Dome, further up the road.

I may be wrong, but to me suggests good results coming from Inez and further wells in the South.

If you look at the plant location, it's positioned level with high point of the Southern part of the formation, not next to the three confirmed wells on the northern part.

The plant is next to Rd255 which leads down to the main US Highway 2, and continues north past the northern dome.

The plant could easily be located further north up Rd255, there's no reason to position the plant where it is unless they were sure that the southern well/s are commercial.

They've held back commencement of groundwork at the plant until Inez was drilled, and testing was underway.

I suspect construction on plant has commenced now because they have good early results at Inez and will then drill further wells in the south, as we all hope.

Why build a plant further away from wells, costing more to connect them? Makes sense to position it in the middle of the whole producing field.

Just speculation, bu t his gives me confidence that we'll soon have good flow and helium rates at Inez.

DYOR.

Plant location - https://irtools.co.uk/83/story/f1a3420a-df23-46de-aa6b-b7e389b55777

North Well locations Slide 5 - chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://wp-helixexploration-2025.s3.eu-west-2.amazonaws.com/media/2025/04/Helix-Exploration-Investor-Deck-April-25-FINAL.pdf

Road locations - https://www.google.com/maps/place/Rudyard,+MT+59540,+USA/@48.5779214,-110.5592503,12780m/data=!3m1!1e3!4m6!3m5!1s0x536ae3ee995d107b:0xd1e887248178c9b8!8m2!3d48.5611961!4d-110.5544442!16zL20vMHgyOWs?entry=ttu&g_ep=EgoyMDI1MDcwOS4wIKXMDSoASAFQAw%3D%3D

Either way it's a new 5 year high!

Happy weekend everyone!

ID78 - not to get too over excited, but I think those well predictions are pessimistic, assuming the wells continue to be commercial. Here’s some RNS snippets

“Based on exceptional results to date, the Company has decided to fast-track development with a fourth and fifth production well, with Inez #1 to commence mobilisation next week.”

“All five production wells at Rudyard are expected to commence production following the installation of onsite processing equipment. With manufacturing of the membrane module and testing of the PSA facility complete, on-site construction activities are due to commence in June 2025.”

So Inez will be completed, and a fifth well will be drilled immediately after, and suggests all five wells will be ready for production by the time the plant is completed (end of summer/mid Sept latest). So another well location/name will likely be revealed with Inez results.

“The additional production wells are intended to optimise ramp up to full field production by increasing cash-flow within the first 6 months of production. Greater cash-flow will allow the Company to expand its 2026 drilling campaign and is anticipated to enable the Company to reach full-field production in one year rather than two, improving overall project economics and NPV.”

With accelerating cashflow following the addition of each well, they anticipate full field production by the end of 2026 – this could be up 20 wells. The cash from just the first 5 weeks, which are fully funded, will then fund continuous addition of further wells. The fund raise was specificlaly for this purpose, to accelerate up to full field production by end of 2026.

https://irtools.co.uk/83/story/8d4d5814-b37e-41fe-9766-1bd8d7166488

I'm not worried about risk Chromo. IMO this has too much groundwork and momentum already to not happen.

Yes the delays are frustrating and we've all have capital tied up for longer than anticipated, but we should all be sitting on good gains within the next 2-3 months. Then we have the choice whether to stick or cash out based on the deal structure and pipeline, which should then be clearer.

"Drilling at Linda #1 reached a Total Depth ("TD") of 5,398ft (1,646m) at the base of the Red River formation. The drilling operation was completed in 18 days, encountering several hard chert horizons within the Madison, which slowed progress. With the well already open for nearly three weeks and high quality helium shows in the primary target horizon, and oil shows within the Nisku and Duperow formations, the Company decided to not drill test the Flathead formation in this well. Upside potential in the Flathead remains open and will be tested in a future production well."

So being over 14 days is not a bad sign, and there's always potential to test the Flathead at Inez.

https://irtools.co.uk/83/story/db2f7ab7-5ca0-443d-9fa0-164c7ff804f6

Https://www.linkedin.com/posts/omussat_news-gcfb42-activity-7347914648685363201-t-7N?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABzGrIBjQ2QYg6J0Liv23J8LdttO1_CLc8

If they got a full days drilling on Sunday 22nd on the first day, then tomorrow is day 15 of the drill. We should find out at 7am on Monday if they drilled down to the Flathead and initial results. All being well they’d have started flow testing and we’ll have full results in a week or two.

We should also have an update on plant construction and completion timeframe. We may also hear about offtakers. A big day, Monday 7am.

And they actually have very low costs. Just a handful of employees, all assets/land they need has been purchased and regularory/environmental/planning work completed. They're mostly now meeting investors and negotiating, some legal costs.

Up to US$5 million to be advanced to ATOME by the Clean H2 Infra Fund in the period through to FID with first instalment of US$1 million paid upon signing of the Terms

https://polaris.brighterir.com/public/atome/news/rns/story/xj25por

We just broke the 12m high again, not far to break the 5 year high.

Do you have a link to the Solvonis telegram group please? I’m in another telegram group for a different stock, super useful.

Investor, although you need to make that decision yourself based on what you read and your risk profile etc,….. IMO Helix will soon be in, and is fully funded to production based on proven reserves, and I think the current SP is more than underwritten by the three proven wells they have. The potential here is the upside, which Bo has speculated to be 3-4bcf (billion) of helium supporting up to 20 wells generating $4m earning annually each, at Rudyard alone. Plus there’s Ingomar.

As always DYOR

The Inez spud tweet came at 7am on Monday, so the drilling commenced over the weekend, possibly even Friday after UK hours in Montana. Regardless, we’re odds on for news this week and may have an update video soon.

Success at Inez will be huge because the existing reserves statement was issued after a single well at Rudyard north. We can expect a new reserves statement including data from Linda and Weil in the north and Inez, the first well in the southern part of the formation. We’re due a significant increase in reserves, or a huge increase if Inez performs like Linda.

They could have intent to drill to the flathead at Inez if conditions allow, or may play it safe and prioritise quick Helium sales (more likely IMO).

We should have a general update with Inez results which could include:

- production plant construction (we were told this would commence in June)

- Possible news re offtake/s

- plan to retest or re drill Ingomar, or news re a hydrogen partnership

- plan to explore oil discovery at Rudyard

- any further M&A work

Fingers crossed for positive news at Inez.

GLA and DYOR