Helium exploration and development company Helix Exploration has significantly expanded its helium exploration portfolio by acquiring new acreage in Hill County, Montana.
Helix confirmed the purchase of 5,600 acres at the Rudyard Project for $250,000 and 600,000 new shares.
Helium discoveries have been made from two wells in a 640-acre section on the northern anticline adjacent to the Rudyard Project. These wells tested favorably for helium grade and overall flow rates, though they are not included in the current Rudyard Project acquisition.
Bo Sears, CEO of Helix Exploration, expressed enthusiasm about the acquisition, stating, “The Rudyard project has demonstrated commercial quantities of helium-rich gas, and we believe there is untapped potential in the deeper formations that have not been fully explored.”
He further noted, “The Rudyard project gives us an excellent opportunity to grow our helium business and diversify our asset base.”
Helix Exploration plans to commence drilling at its flagship Ingomar Dome Project in Montana in the near future.