Helix Exploration Chairman David Minchin joined Steve Darling from Proactive to announce the start of drilling at the Rudyard Project in Montana with the Darwin #1 well.
This well aims to explore the stacked reservoir targets within the Souris, Red River, and Dry Creek intervals, where historical drilling has shown helium flow rates of up to 1.3% and estimated contingent resources of approximately 484,193 Mcf across the Souris and Red River intervals. Minchin confirmed that Helix is fully funded to support both the drilling and testing phases of Darwin #1 at Rudyard, running alongside extended well testing at Clink #1 on Ingomar Dome.
Drilling is expected to take 2-3 weeks, followed by detailed wireline logging and extended flow tests. Helix plans to update investors on significant developments, including helium gas concentrations, wireline findings, initial flow tests, and extended well test results.