Helix Exploration announced yet another positive well test result giving the company the confidence to accelerate its drilling plans and improve the NPV of the asset by bringing cashflows forward. To enable this, Helix has raised ~US$6mm (£4.5mm) in gross proceeds at 16p/sh and the shares have traded strongly closing at a 39% premium to this. Notably the raise was led by a new institutional investor, providing validation of the company’s strategy and attractiveness bringing in a new strategic sh ....
