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Oil & Gas

Helix Exploration mobilises rig for Clink well testing

HeLIX Exploration PLC (AIM:HEX) told investors that mobilisation has begun for its Clink-1 well re-entry at the Ingomar Dome helium project, in Montana.

The rig, Precision Drilling Rig 704, is due to complete mobilisation and ‘rig-up’ in the coming days.

Then it will first ‘case over’ the problematic Mowry shale before the company potentially deepens the well.

The programme will, meanwhile, focus on the wireline and flow-testing of the previously observed helium and hydrogen ‘shows’ in the Amsden, Charles, and Flathead formations.