Helix Exploration boosts Rudyard field scope with Linda #1

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16h ago 1:58

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Helix Exploration PLC CEO Bo Sears talked with Proactive's Stephen Gunnion about the unexpectedly strong results from the Linda #1 well at the Rudyard field. Linda #1 began flowing immediately upon perforation, with no assistance required — a phenomenon CEO Bo Sears said he had never seen in three decades of drilling. “The last results were quite stellar,” Sears stated, highlighting how they enhance the company's view of Rudyard's potential. HeLIX Exploration is targeting a historical estimate of 2.60 billion cubic feet of helium from an independent 1977 analysis and believes the new data brings it closer to confirming that figure. Sears also noted that the company expects the updated reserves report to be published within a couple of weeks. Given Linda #1 flowed at nearly double the expected rate, Sears discussed the flexibility of their processing setup. “Whenever we have more volume, we just add more membranes,” he said, referring to their membrane and pressure swing adsorption processing plant. This allows the company to scale up production capacity in a modular fashion as required. For more updates on HeLIX Exploration’s drilling progress and helium prospects, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe to our channel, and turn on notifications for future content. #HeLIXExploration #HeliumExploration #BoSears #Linda1Well #RudyardField #HeliumInvestment #OilAndGas #NaturalResources #EnergyExploration #ProactiveInvestors #ResourceUpdate #MembraneTechnology #PressureSwingAdsorption

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