About Us
Since our IPO in April 2024, Helix has made tremendous strides in executing our vision and delivering value to our shareholders. We have demonstrated our ability to overcome challenges, capitalize on opportunities, and establish ourselves as a leader in helium exploration.
Our journey began with the drilling of the Clink #1 well in Rosebud County, where we encountered sloughing shales that tested our resolve. Thanks to the expertise and perseverance of our drilling team and consulting engineers at Petroleum Consultants LLC, we successfully completed the well.
Now, we eagerly anticipate re-entering Clink #1 in the coming weeks to test the Charles formation, which showed the highest helium readings in our mud system during drilling.
Following Clink #1, we drilled the Darwin #1 well in Hill County, Montana a turning point for Helix. Darwin #1 proved to be a commercial success, far exceeding our expectations in both flow rates and the scale of the structure. This discovery significantly expanded our helium play, enabling us to develop a project capable of feeding multiple wells into a helium processing plant. The Rudyard Field is emerging as a world-class primary helium exploration play, and we are excited about its potential, particularly following the positive results from Darwin #1. As a result, we are planning to drill at least two additional wells in the field as part of our wider 2025 drilling programme.
Simultaneously, we are making significant progress on the infrastructure necessary to support our production. We acquired a helium processing plant at a tremendous value and are currently undergoing refurbishment work led by Wikota Design, whose engineering expertise has been instrumental in bringing the facility back to full functionality. We anticipate moving the plant to Rudyard by the end of summer 2025, а critical step toward establishing Helix as a leading helium producer within the US.
Looking ahead, we remain laser-focused on value creation. We are not an organisation that chases marginal assets, we will only pursue projects that have tremendous merit and the potential to create long-term value. Our strategic approach and disciplined execution will make Helix the first helium producer in the State of Montana, a milestone we are extremely proud of.
Montana offers incredible potential, its business-friendly environment, hardworking people, and commitment to innovation align perfectly with our mission. We are grateful to our vendors, engineers, and partners who help drive our success every day.
As we move into 2025 and beyond, we are not slowing down. Helix Exploration is committed to pushing boundaries, seizing opportunities, and delivering results. We encourage our shareholders to stay tuned as there are exciting times ahead.
Bo Sears
CEO