Share Talk Ltd

Zak Mir talks to David Minchin, Chairman of Helix Exploration, about the latest from Rudyard and how this week's fundraiser will take the helium explorer to production. Helix Exploration PLC has announced updated helium reserves and economic modelling results for its Rudyard Project. The company plans to raise a minimum of £4 million through a share issue to fund the development and production, targeting significant cash flow and market expansion. The first production is expected in Q2 2025. Highlights of Reserves and Economic Modelling •     Reserves of 355 million cubic feet of helium calculated by Aeon Petroleum Consultants Corp. ("Aeon") on northern dome only •     Net Revenue $115.2m over 12.5-year life of field and peak sustained post-tax cash flow of $15-25 million per year using a flat helium price of $500/Mcf •     Aeon modelling results in NPV8 of $77.9m and IRR >1,000% on reserves in northern part of dome •     In-house modelling results in NPV8 of circa $145m and Net Revenue circa $220m i