HeLIX Exploration PLC (AIM:HEX) told investors it will start the re-entry and acidisation of its Clink #1 well, at the Ingomar Dome project, in mid-February 2025.
The operation is expected to take around 10 days and will assess the flow potential of the Charles Formation.
It plans to use acidisation to remove near-wellbore damage and create open flow paths, with the process expected to result in enhanced permeability and improved flow rates.
"While our recent focus has been on the rapid commercialisation of the Rudyard Project, we remain committed to the significant potential of Ingomar Dome, and the promising helium and hydrogen indications seen at Clink #1,” chief executive Bo Sears said in a statement.
“Following the successful closure of our non-discounted placing to raise £5 million, we are now fully funded to bring Rudyard into production in the coming months, with excess capital to fund growth projects.
“This enables us to commence acidisation at Clink #1, a highly cost-effective method to test the production potential of the Charles Formation by removing near-wellbore damage caused by heavy muds.
“We are looking forward to updating the market in due course."