Helix Exploration PLC - helium exploration & development company focused on helium deposits in the US state of Montana - Says it has successfully re-entered and deepened the wellbore of the Clink 1 well at the Ingomar Dome project in Montana to 2,606 metres. It also has successfully controlled the Mowry formation to 800 metres, by setting 7-inch intermediate casing through the entire interval. Helix will now complete the well with production casing and begin testing. If multiple formations are found to be suitable, each zone will be tested individually from the bottom-up. Chief Executive Officer Bo Sears says the re-entry is a ‘significant milestone for the company’.

Current stock price: 23.42 pence, up 14% in London on Monday morning

12-month change: up from 10.38p

Copyright 2024 Alliance News Ltd. All Rights Reserved.