HeLIX Exploration PLC (AIM:HEX) CEO Bo Sears discusses the latest operational update on the Clink #1 well at the company's Ingomar Dome Project in Montana with Proactive's Stephen Gunnion.
Sears expressed excitement about the findings, particularly the significant showings of helium and hydrogen, which he described as "incredible." He highlighted that hydrogen grades have increased towards total depth, an "extremely positive signal" according to Sears.
However, the operation encountered a minor setback in the shallow section of the wellbore, specifically in the Mowry Shale, which is proving to be problematic. Despite this, Sears remains confident, explaining that the issue is manageable and that they are fully funded for continued operations, including future activities at the Rudyard appraisal well.