Helix Exploration, the helium exploration and development company with sites in Montana in the US, is to start drilling at Linda #1 production well in April and targeting first production at its Rudyard site this summer.
CEO Bo Sears said acquiring the production-ready well had saved the company over $1m.
“Our approach is simple: build scale efficiently, develop resources strategically, and deliver near-term cash flow,” he said. “Rudyard is proving to be a high-quality helium asset and, with each step forward, we are strengthening our position in what we believe is one of the most promising new helium districts in North America.”
The company said it has signed a drilling contract with Treasure State Drilling for the Linda #1 well, in order to spud next month.
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