Helix
Exploration PLC
("Helix "
or the "Company")
Exercise
of Warrants
Helix Exploration, the helium
exploration and development company focused on helium deposits
within the 'Montana Helium Fairway', announces that it has received notification for the exercise of warrants
over 220,000 new ordinary shares in the Company at an exercise
price of 10 pence per share (the "Warrant Shares"), providing the
Company with proceeds of £22,000.
Admission
Application will be made to the
London Stock Exchange for the Warrant Shares to be admitted to
trading on AIM. It is expected that Admission will become effective
and that dealings in the Warrant Shares on AIM will commence on or
around 9 August 2024.
For the purpose of the Disclosure
and Transparency Rules, following Admission, the enlarged issued
share capital of the Company will comprise 123,570,000 Ordinary
Shares. The Company does not hold any shares in treasury. The above
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company, under the Disclosure and Transparency Rules.
Enquiries
Helix Exploration
Cairn - Nominated Adviser
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Liam Murray
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+44 (0)20 7213 0880
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Ludovico Lazzaretti
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James Western
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Hannam & Partners - Joint Broker
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Neil Passmore
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+44 (0)20 7907 8502
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Andy Crispin
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Spencer Mignot
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SI
Capital - Joint Broker
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Nick Emerson
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+44 (0)14 8341 3500
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Renato Rufus
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Nick Briers
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OAK
Securities - Joint Broker
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Jerry Keen
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+44 (0)20 3973 3678
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Henry Clark
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Camarco - Financial PR
Notes to Editors
Helix Exploration is a helium
exploration company focused on the exploration and development of
helium deposits within the 'Montana Helium Fairway'. Founded by
industry experts with extensive experience of helium systems in the
US, the Company's assets comprise of 52 leases over the Ingomar
Dome; a large closure of 16,512 acres with P50 unrisked gross
prospective helium resource of 2.3Bcf and upside of 6.7Bcf.
Historic drilling and/or testing has identified gas in all target
reservoir horizons. The Company's second asset is 5,600 acres
in Rudyard, Montana, where a helium discovery at up to 1.3%He has
been made within the closure from historic drilling adjacent to the
leases. Rudyard has P50 gross contingent helium resources of
482,000Mcf in two stacked reservoirs with a further 112,000Mcf of
gross prospective helium resource within untested
horizons.
Helix Exploration is focussed on
drilling and early production at the Ingomar Dome and Rudyard
Projects. An aggressive development timeline has seen
drilling commence in Q3 2024, with first helium production targeted
for Q4 2025. Helix is committed to open and transparent
communication with investors and the wider market as the project
progresses through development.
The Company's Admission Document,
and other information required pursuant to AIM Rule 26, is
available on the Company's website at https://www.helixexploration.com/.