20th Jun 2024 21:55
Helix Exploration PLC - exploration company focused on the commercial development and monetisation of a non-hydrocarbon associated helium rich gas structure in the Ingomar Dome located in central Montana - Announces the execution of a farm-in agreement whereby Helix buys a 100% working interest in 5,600 acres in Hill County, Montana from Adam Standiford, a consultant to the company for USD250,000 in cash and shares. In addition, Standiford will receive 600,000 shares in Helix at a price of 10 pence each as an introducer fee pursuant to his consultancy agreement. Helium has been proven from two wells in a 640-acre section on the northern anticline and adjacent to the Rudyard Project, both of which tested favourably for helium grade and overall flow rates though these wells are not included in the current Rudyard Project acquisition. Read More
