Helix Exploration: Progress report paints an encouraging progress to early cash flow

  • Helix Exploration PLC (AIM:HEX, OTCQB:HHEXF) has delivered some encouraging news from its Inez-1 well at the Rudyard field in Montana. The company has drilled and tested the well, finding around 140 feet of good-quality rock that shows clear signs of gas, what the team calls a “gas effect”, in two important layers known as the Souris and Red River formations.