HeLIX Exploration completes drilling at Ingomar Dome project [Video]

HeLIX Exploration PLC (AIM:HEX) chairman David Minchin talked with Proactive’s Stephen Gunnion about the successful completion of drilling at the Clink #1 well within the Ingomar Dome project in Montana.

Minchin noted the completion of drilling ahead of schedule and under budget, with helium shows detected across all target horizons. In an unexpected turn, up to 10.3% hydrogen was also discovered in the Cambrian strata.

He highlighted the significance of the helium shows, noting that it signals helium presence throughout their system, a crucial step before wire lining and flow testing. He cautiously mentioned the potential for a hydrogen, helium, and nitrogen system in multiple formations, which could positively impact their future operations if commercial quantities are confirmed.

Looking ahead, Minchin detailed the next steps, including the wire lining, flow testing, and the analysis of gas samples, with results expected soon. These findings will inform the company’s development strategy as it progresses towards possible commercial discovery.

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