HeLIX CEO discusses production and offtake progress - ICYMI

Core Insights - HeLIX Exploration PLC has achieved a significant milestone by becoming the first helium producer in Montana, marking a rapid execution since its IPO in April 2024 [1][2] - The market reaction has seen a nearly 10% decline in stock price, attributed to pre-production news being factored in [1] Production and Strategy - The company plans to finalize offtake agreements post-production to ensure buyers can see the helium being produced in pure form [2] - Initial production is expected to be around 1,500 Mcf per day, with potential scaling up to 6,000,000 cubic feet of input gas per day, translating to approximately 65,000 cubic feet of helium per day [4] Helium Quality - The helium produced is expected to be ultra-high purity, designed for five-nine purity (99.999%), which significantly enhances market opportunities compared to lower purity grades [3] Operational Updates - The company is currently addressing a minor drilling issue at the Inez well, which does not affect helium production or hydrogen prospectivity [5]