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
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Bo Sears
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via Camarco
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David Minchin
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info@helixexploration.com
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Cairn -
Nominated Adviser
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Liam Murray
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+44 (0)20 7213 0880
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Ludovico Lazzaretti
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James Western
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Hannam &
Partners - Joint Broker
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Neil Passmore
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+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
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Camarco -
Financial PR
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Emily Hall
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+44 (0)20 3757 4980
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Tilly Butcher
Billy Clegg
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helixexploration@camarco.co.uk
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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.
