Helix Exploration has announced the successful completion of drilling operations at its Clink #1 well in the Ingomar Dome Project.
The drilling reached its Target Depth of 8,030 feet ahead of schedule and under budget. During the drilling process, the company encountered elevated levels of helium in the drilling muds throughout the entire sedimentary column.
This discovery provides strong evidence for the presence of helium across all targets, reinforcing the potential of the Ingomar Dome Project as a viable helium source.
Investors will be pleased to learn Helix Exploration detected significantly elevated hydrogen levels in the drilling muds, particularly within the Cambrian strata. Hydrogen concentrations reached as high as 103,000 parts per million (10.3% H2), indicating the presence of a substantial hydrogen system in these ancient rock layers.
The company is now preparing to commence wireline logging and extended flow testing to further assess the concentrations of both helium and hydrogen.
These upcoming appraisal activities will be crucial in determining the commercial viability of the discovered resources and could potentially position Helix Exploration at the forefront of both helium and hydrogen production in Montana.
“We are delighted to report the safe and successful completion of the drilling of our maiden exploration well at Clink #1 delivered ahead of time and below budget. Drill operations took 11 days from spud to Target Depth, completing well ahead of the 2-3 week guidance provided,” said Bo Sears, CEO of Helix Exploration.
“We are highly encouraged by anomalous helium identified in all target strata, indicating that we have elevated levels of helium throughout the sedimentary column. Additionally, the discovery of anomalously high hydrogen shows within Cambrian strata is a welcome development. A number of highly elevated readings up to 103,000ppm (10.3%) suggest a significant level of hydrogen in the lower part of the system. This will need to be fully investigated before any conclusions on economic potential can be drawn.
“We are now moving directly onto preparing the well for wireline logging and appraisal via extended flow testing and will keep the market updated as we learn more about the helium and hydrogen system identified in mud-shows at the Ingomar Dome Project.”