Rudyard

The Rudyard Project

Discovery: The Rudyard Project is a large-scale domal anticline with proven helium gas up to 1.3% Helium (“He”) flowed to the surface from two adjacent wells.
Contingent Resources: The project holds approximately 484,000 Mcf (0.48 Bcf) of gross helium resources, with an estimated in-situ value exceeding $250 million at a helium price of $550/Mcf.
Upside Potential: The untested Dry Creek Formation within the Rudyard Project offers opportunity to expand the gross helium resource to 600,000Mcf.
Infrastructure Advantage: Existing infrastructure, including the BNSF rail line and 3-phase power, supports cost-effective development.

Rudyard complements Helix’s flagship Ingomar Dome Project, providing low-risk resources and a potential second production hub.

Structure: Rudyard Project includes three stacked reservoir horizons within two co-joined domed anticlinal structures.
Helium Occurrence: Non-combustible gas associated with nitrogen, low CO2, and <5% natural gas.
Target Depths: Reservoirs at 5,000ft to 5,500ft (1,500m – 1,700m), shallower than Ingomar.
Proven Helium: Two wells adjacent to Rudyard tested favorably for helium grade.
Well Details:
DST #4: 0.90% helium (Souris interval) at 1,150 Mcf/d.
DST #5: 1.30% helium (Red River interval) at 3,060 Mcf/d.
Commercial Potential: Helium grades of 0.9% – 1.3% considered highly commercial.

1. Risked data includes a chance of geological discovery of approximately 73%