Member Info for mickey1122

2 Mar 2026 07:00

RNS Number : 8887U

Mendell Helium PLC

02 March 2026

Mendell Helium plc

("Mendell Helium" or the "Company")

Operations update

Update on move to AIM and Option Extension

Mendell Helium is pleased to announce an update on its proposed strategy for the development of further production wells proximate to M3 Helium Corporation's ("M3 Helium") Rost 1-26 well ("Rost") in Fort Dodge, Kansas. The Company also provides an update on the timing of its proposed move to AIM.

Highlights

· Drilling contract agreed and rig secured

· Drilling of M3 Helium's next Fort Dodge well will commence in March 2026

· Drill permits filed for both the Rost and Enlow leases

· Brobee salt water disposal well to be upgraded

· In addition to Morrow sands, these new wells will target new deeper helium prospects

· Headline terms agreed with US investor group to co-fund the Rost twin well

· Agreement in principle with local operator to co-develop a nearby shut-in well

· AIM admission document targeted for publication in March 2026

· Option to acquire M3 Helium extended to 30 April 2026

As 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 today, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 30 April 2026.

Developing Fort Dodge

During recent months, Mendell Helium has been analysing prospective drilling programmes in Fort Dodge, Kansas. This region already contains numerous existing oil & gas wells but several of these existing wells, despite exhibiting initially strong flow rates, quickly encountered water that ultimately constrained production. Mendell Helium has been examining locations where the Rost de-watering technique could be employed for successful production.

Rost

As announced on 27 January 2026, Mendell Helium is proposing a twin well on the Rost lease, to be completed with larger 7 inch casing thereby enabling greater water removal which in turn is expected to increase gas production.

Alongside the placing also announced on 27 January 2026, the Company is advancing discussions with a group of US high net worth investors to co-fund the twin well. Headline terms for that investment have now been agreed and a location for the twin well has been determined. The landowner has been notified of these plans and M3 Helium has submitted a permit to drill application to the Kansas Corporation Commission ("KCC"). Alongside this, a drilling contractor has been secured and a drilling contract has been executed by M3 Helium.

At the time that the twin well is drilled, M3 Helium also intends to u

Only the beginning

5p soon

Disagree MH I’m expecting news very soon from Namibia . Remember CB is new sheriff in town

The Spreadex TR-1 is actually a very interesting development. Total exposure has now risen to 10.92% of the company, representing over 640 million shares equivalent, and importantly that exposure has increased rather than fallen. Whatever people think about CFDs and spread betting, this reflects meaningful speculative positioning building in GEO. It also lines up with the recent aggressive buying and steady price lift we’ve seen. Add to that the recent corporate housekeeping being cleared, directors taking equity, and ongoing references to multiple parties accessing the Namibia data room, and it’s hard to ignore that the market appears to be positioning ahead of something. No guarantees on timing, but this sort of exposure tends to build before material news, not after. Definitely one to watch closely.

Let’s go!

Top up time imo

Strong operational update this morning. Rig secured and drilling due to commence in March, permits filed on both Rost twin and Enlow, plus US investors agreeing headline terms to co-fund the twin well. That shifts the story firmly into execution mode rather than just planning. PSA progress and improved gas concentration also show economics moving in the right direction. With the AIM admission document targeted for March and drilling imminent, there’s clear forward momentum here — feels like the next few weeks could be pivotal.

Old Omar gonna catch us unawares . He’s the boy that cried Wolf

0.3 ?

Yes Mafs MMs up to no good . We know bid quietly rising . Give it an hour or so.

Thanks again for your attention, you no a good thing.

Strong Buy , Oil RNS imminent imo

To mop up early sellers , just watch .

Strong Buy

Nae Chance

We have all the patience in the world. No sweat.

Absolutely Spy!

Can we get to 0.18 by end of this week !!

Its looking like it Mr P

Plenty of buys going through at the ask and the price stepping up steadily rather than spiking and fading. That doesn’t look like random retail churn — it looks like someone building a position.

Worth remembering we’ve just had all the admin RNS out of the way (equity, options, TR-1 etc). Decks look clear. Meanwhile, the Namibia wording in recent updates hasn’t softened — in fact it mentioned multiple parties accessing the data room and renewed regional interest.

Not saying a deal drops tomorrow, but this kind of accumulation often happens before the market expects something material. With PEL94 still very much live and Gorge moving forward, the risk/reward at this level looks interesting.

Spread tightening

Its got resilience

Agreed no rush with the rise as I plan to increase 70-100% holiday. CB is key for me although the oil looks to be the first out the blocks with very near catalyst

“ These prices are a steal.

As negative sentiment related to a minor drill result begins to fade away and investors actually see this for what it is, a mind blowing opportunity to acquire shares in a huge, valuable asset 7 x GGP resource, they'll realise 7m MCAP is beyond a joke.

Minimum 4/5 bag on gold alone, and a 10x on farm out deal.

I've seen lots of these before, they move extremely quickly.

I'm hoping and praying that the SP can hold out below 0.13p for another 5 days, when my salary comes in.

I'll Be a very happy man!

1 RNS away from huge, huge gains.

GLA”