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HeLIX Exploration PLC (AIM:HEX, OTCQB:HHEXF) CEO Bo Sears spoke with Proactive's Stephen Gunnion after extending its helium sales arrangement through March 2027.
The deal commits 100% of available Rudyard volumes to an industrial gases group, following three initial tube-trailer sales during the project’s start-up phase.
Sears discussed the pricing achieved, which is significantly above the assumptions used in Helix’s pre-IPO model, and the potential to agree longer-term, higher-volume arrangements.
He also outlined the production expansion programme, with additional wells expected to increase volumes as Helix scales Rudyard.
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