Helix Exploration affirms substantial amounts of helium and hydrogen discovered; company operations temporarily halted
Helix Exploration's Clink #1 Well Discovers Significant Helium and Hydrogen
Helix Exploration PLC (AIM:HEX) has announced a significant discovery in their Clink #1 well at the Ingomar Dome project. The well has demonstrated the presence of geological hydrogen within the deeper, Cambrian, sandstones, and has also confirmed the presence of helium in all the target reservoir horizons.
The company's operations, however, have been delayed due to wellbore stability issues. Helix expects to remedy these issues soon, though the exact mitigation methods have not been publicly detailed. Despite the delay in its completion and appraisal, chief executive Bo Sears expressed satisfaction with the results from the well to date.
The mud log from the Clink #1 well revealed reservoir quality strata with positive helium results. Operations on the well paused prior to wireline logging due to wellbore stability issues. No further information about the appraisal of the well or the wireline logging operations was provided.
Helix remains fully funded for the operations, and no new information about the funding status was mentioned. The company plans to mobilise a new rig to set intermediate casing through the shale to remedy the problem, a process expected to take around one month.
In mid-2025, stock market and energy news updates emphasized the discovery and operational context without detailed technical disclosures. The presence of geological hydrogen was noted without reaching basement in the Clink #1 well. The Clink #1 well appears to be a good well with a challenging shallow interval, which has complicated its completion. No new information about the chief executive's satisfaction with the results, the wellbore stability issues, or the plan to mobilise a new rig was provided in these updates.
- The significant discovery in Helix Exploration's Clink #1 well at the Ingomar Dome project includes not only helium but also geological hydrogen, opening potential opportunities in both environmental-science and renewable-energy industries.
- Financing is not a concern for Helix Exploration at the moment, as they remain fully funded for the operations, which include remedying the wellbore stability issues with a new rig and mobilizing for the intermediate casing process.
- The successful extraction and management of helium and hydrogen from the Clink #1 well could contribute significantly to the global climate-change efforts, by providing the industry with a cleaner, more sustainable energy alternative.
