Helix Exploration is a helium exploration company that was originally seeking to raise £3m-£5m but ended up raising £7.5m because of the significant demand from investors. The chairman David Minchin is the ex-chief executive of Helium One Global, which also proved popular when it reversed into an AIM shell – although it has had its ups and downs since.
The attraction is that helium remains in short supply. Helix Exploration has a set of leases in a part of Montana that is known for helium. Appraisal drilling is expected to commence by this summer, assuming the permit is obtained, and manag...
