Helix Exploration (“Helix”) announced the farm-in for a 100% stake in the Rudyard Field in Hill County, Montana for a consideration of US$0.1mm in cash and US$0.15mm in shares (leaving the vendor exposed to Helix share price upside) plus a finders fee of 0.6mm shares issued at 10p/sh. This leverages the CEO's extensive knowledge of Montana and builds on Helix's existing acreage in the region at Ingomar Dome. The 5.6k acres acquired contains a proven helium structure, which has previously been te ....

20 Jun 2024
Helix Exploration: Material acquisition increases our risked NAV by >25%

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Helix Exploration: Material acquisition increases our risked NAV by >25%
Helix Exploration Plc (HEX:LON) | 26.8 -0.1 (-0.9%) | Mkt Cap: 49.8m
- Published:
20 Jun 2024 -
Author:
Anish Kapadia -
Pages:
9 -
Helix Exploration (“Helix”) announced the farm-in for a 100% stake in the Rudyard Field in Hill County, Montana for a consideration of US$0.1mm in cash and US$0.15mm in shares (leaving the vendor exposed to Helix share price upside) plus a finders fee of 0.6mm shares issued at 10p/sh. This leverages the CEO's extensive knowledge of Montana and builds on Helix's existing acreage in the region at Ingomar Dome. The 5.6k acres acquired contains a proven helium structure, which has previously been te ....