HeLIX Exploration PLC (AIM:HEX, OTCQB:HHEXF) CEO Bo Sears talked with Proactive's Stephen Gunnion about the company’s imminent transition into helium production at its Rudyard project in Montana. Sears confirmed that the PSA compressor, described as the "long lead item," is now en route to site, marking the final step in completing the processing unit.
“Once that is delivered and installed, we will be a helium producing company,” Sears told Proactive, emphasizing that all other infrastructure is already in place. The company expects only minor fine-tuning once all components are connected. He noted that despite the upcoming holiday season slowing some activity, HeLIX remains on track.
Sears also discussed expanded acreage at Rudyard, which he said has revealed greater potential with each well drilled. HeLIX is waiting for a suitable weather window post-Christmas to continue drilling operations, which were recently delayed by severe weather conditions.
On the commercial side, Sears said discussions remain active around helium offtake agreements and potential hydrogen-related partnerships. However, final commitments will only follow first production.
“It's just going to take a few days to get this thing plumbed together and in operation mode,” Sears added. “We are really excited about our future here.”
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