25th Feb 2025 07:00
25 February 2025
Helix Exploration PLC
("Helix Exploration" or "Helix" or the "Company")
Notice of AGM
Helix Exploration, the helium exploration and development company with near-term production assets within the Montana Helium Fairway, announces that a Notice of Annual General Meeting ("AGM") has been sent to shareholders of the Company, convening a meeting to be held at the offices of Capital Market Communications Limited ("Camarco")], 40 Strand, London, WC2N 5RW on 20 March 2025 at 14:00 GMT.
A copy of the notice of AGM is available to download from the Company's website at: https://www.helixexploration.com/.
AGM Webinar
To allow Shareholders the opportunity to follow the proceedings of the AGM without attending in person, the Company will provide access online via the Investor Meet Company ("IMC") platform.
Shareholders are invited to submit questions for the Board to consider. Questions can be pre submitted via the IMC platform up until 09.00 the day before the meeting and can be submitted at any time during the AGM itself.
Please note: Shareholders will not be able to vote online and are requested to submit their votes via proxy as early as possible.
Shareholders that wish to attend the online AGM should register for the event in advance by using the following link:
https://www.investormeetcompany.com/helix-exploration-plc/register-investor
Investors who already follow the Company on the IMC platform will automatically be invited.
Directors of the Company are responsible for the release of this announcement.
Enquiries
Helix Exploration
Bo Sears | via Camarco |
David Minchin | |
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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Spencer Mignot |
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SI Capital - Joint Broker | ||
Nick Emerson | +44 (0)14 8341 3500 | |
Renato Rufus |
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 |
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 focussed 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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Helix Exploration