Helix Exploration Plc (GB:HEX) has released an update.
Helix Exploration Plc has announced promising results from a Scoping Study Economic Analysis of its Ingomar Dome Project, indicating a significant net present value (NPV) of $303.1 million and robust economic potential, even with varying helium grades and prices. The company highlighted an initial capital expenditure (CAPEX) of just $19.7 million with a quick payback period, forecasting substantial net revenues and free cash flow from the helium project located in the Montana Helium Fairway. Helix is preparing for a Q3 drilling campaign this year to further explore and validate the project’s economic model.
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