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Last checked at 
20 Mar 2025 14:41
20 March 2025
Helix Exploration PLC("Helix Exploration" or "Helix" or the "Company")
Result of AGM
Helix Exploration, the helium exploration and development company with near-term production assets within the 'Montana Helium Fairway', announces that at the Annual General Meeting ("AGM") of the Company held today, all resolutions were duly passed.
The Directors of the Company are responsible for the release of this announcement.
Enquiries
Helix Exploration
Bo Sears | via Camarco |
David Minchin | info@helixexploration.com |
Cairn - Nominated Adviser
Liam Murray | +44 (0)20 7213 0880 |
Ludovico Lazzaretti | |
James Western |
Hannam & Partners - Joint Broker
Neil Passmore | +44 (0)20 7907 8502 |
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Leif Powis |
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Tavira Securities - Joint Broker
Chris Kipling Oliver Stansfield Jonathan Evans
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+44 (0)20 7100 5100 | ||
Camarco - Financial PR
Emily Hall | +44 (0)20 3757 4980 |
Tilly Butcher Billy Clegg | helixexploration@camarco.co.uk |
Notes to Editors
Helix Exploration is a helium exploration company focused on the exploration and development of helium deposits within the 'Montana Helium Fairway'. Founded by industry experts with extensive experience of helium systems in the US, the Company listed in April 2024 raising £7.5 million from an offer book of over £22 million.
The Company has drilled two wells on two assets in 2024. Darwin #1 well at Rudyard Project tested 236ft in the Souris and Red River formations, flowing 2,750 Mcf/day at 1.1% helium. Rudyard field can support multiple production wells and has potential to generate net revenue of $115 - $220 million over a 12 - 14 year life of field.
Clink #1 well at Ingomar Dome Project recovered gas samples from the Flathead Formation assayed at 55.2% Hydrogen in gas sample isolated from drilling mud and 2.5% helium in gas sample recovered from the reservoir. Gas samples demonstrate helium and hydrogen potential with additional stimulation required to potentially generate commercial flow rates in Flathead and Charles formations.
Helix Exploration is focused on early production at the Rudyard Projects, taking advantage of existing infrastructure and low-cost processing to target first gas production in 2025. Helix is committed to open and transparent communication with investors and the wider market as the project progresses through development into production.
The Company's Admission Document, and other information required pursuant to AIM Rule 26, is available on the Company's website at https://www.helixexploration.com/.
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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