Helix Exploration

Name

Helix Exploration

Legal name

Helix Exploration Plc

Website

https://www.helixexploration.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Helium Exploration and Production

NAICS

Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

Keywords

• Helium exploration
• Helium production
• Natural gas extraction
• Industrial gas supply
• Helium processing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Helium Sales: Helium is sold at prevailing spot market rates to an industrial gases group under a three-month commercial offtake contract. The company delivers 30,000 to 40,000 cubic feet of helium per day. Pricing is substantially higher than the price assumptions used in the pre-IPO model. The company expects to extend the contract given ongoing global helium supply chain disruption and continues pursuing longer-term offtake agreements with other potential partners.
2. Hydrogen Data and Assessment Services: Helix contributes subsurface data and geological expertise from its Rudyard helium project to a techno-economic assessment near Malmstrom Air Force Base, funded by Renaissance Philanthropy's Chimaera Fund, related to geologic hydrogen potential.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Helix Exploration is a helium exploration and production company that discovers, develops, and produces primary helium from natural gas wells in Montana, USA. The company operates the Rudyard helium production project with three producing wells (Darwin #1, Linda #1, Weil #1) connected to an on-site Xebec PSA processing plant, and the Ingomar exploration project with both helium (2.5%) and natural hydrogen (55.2%) potential. Grade A helium is sold at prevailing spot market rates under offtake agreements with industrial gases counterparties.

Product overview

Helix Exploration is a helium and hydrogen exploration and production company operating in Montana, USA. The company operates two primary projects: the Rudyard Project (core producing asset with three active production wells and an on-site PSA processing plant) and the Ingomar Project (exploration-stage project with significant helium and hydrogen potential). The company listed on AIM in April 2024 and achieved first helium production in February 2026, becoming the first helium producer in Montana. Products include primary helium extraction from geological formations, hydrogen exploration, and gas processing through acquired PSA plant technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Rudyard Helium Project Primary helium production project in northern Montana (Hill County) with three confirmed production wells connected to an on-site PSA processing plant, with leasehold of approximately 7,927 acres and 355 million cubic feet of recoverable helium reserves. Sold to industrial gases companies.
• Ingomar Dome Project Exploration-stage helium and natural hydrogen project at the Ingomar Dome with 16,512 acres of closure and P50 Gross Unrisked Prospective Resources of 2.3Bcf. Clink #1 well tested the highest grade helium in Montana (2.5%) along with 55.2% hydrogen discovery.
• Grade A Helium (Spot Sales) High-grade helium sold at prevailing spot market rates to industrial gases companies for use in manufacturing, healthcare (MRI), semiconductor, fiber optic, aerospace, and defense applications. Delivered at 30,000-40,000 cubic feet per day from the Rudyard facility.
• Hydrogen Data and Geological Expertise Services Subsurface geological data and hydrogen exploration expertise contributed to a techno-economic assessment supporting a Congressional mandate requiring 99.9% energy availability at critical military installations by 2030. Provided to the Chimaera Fund and US Air Force.

Quantifiable outcome

• IRR >1000% at Rudyard Project
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• United States Air ForcecoreStrategic or Co-development Partner · 20 April 2025Helix Exploration was selected to participate in a US Air Force-backed initiative assessing geologic hydrogen potential near Malmstrom Air Force Base. This supports a Congressional mandate requiring 99.9% energy availability at critical military installations by 2030. The Chimaera Fund is funding the techno-economic assessment.
• Industrial Gases GroupcoreChannel Partner/ Reseller/ DistributorFirst contracted helium sales arrangement with an industrial gases group for supply from the Rudyard facility. The arrangement covers 100% of available helium volumes at 30-40 Mcf per day for approximately three months at prevailing spot market rates. The counterparty has committed to arrange additional trailer capacity to remove logistics bottlenecks. Both parties expect to extend the agreement given ongoing global helium supply chain disruption.
• Aeon Petroleum Consultants Corp.minorOthersIndependent evaluation by Aeon Petroleum Consultants Corp. estimates significant recoverable helium volumes in the Northern Dome (355,300 Mcf gross proved, probable & possible reserves) with additional contingent resources identified in the Southern Dome.
• Wikota DesignminorImplementation/ SI/ Consulting PartnerWikota Design and their engineering team are leading the refurbishment of the PSA processing plant acquired by Helix. Refurbishment is well underway and on track for relocation to Rudyard during H2 2025.
• Global Helium Corp.minorOthersHelix acquired 640 acres from Global Helium Corp. as part of expansion of the Rudyard Helium Project leasehold from original 5,564 acres.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Blue Star Helium: ASX-listed helium exploration and development company focused on primary helium production in the United States. Highly comparable to Helix as a junior primary helium developer targeting near-term production and offtake, with overlapping management connections (Gregg Peters serves on both boards).
• Desert Mountain Energy: TSXV-listed helium exploration and production company operating in Arizona and New Mexico. Direct peer as a publicly listed primary helium producer pursuing similar small-scale, multi-well development strategies with PSA-based processing.
• Royal Helium: TSXV-listed helium exploration, development, and production company with assets in Saskatchewan and Alberta. Comparable as a North American primary helium producer pursuing off-take agreements with industrial gas counterparties.
• Avanti Helium: TSXV-listed helium exploration company focused on producing and supplying helium from Western Canada. Comparable to Helix as a junior primary helium developer at a similar stage of multi-well development and offtake negotiations.
• Global Helium Corp. CSE-listed helium exploration company. Direct peer in the primary helium exploration space; notably Helix acquired 640 acres from Global Helium in the Montana Helium Fairway, demonstrating geographic and operational overlap.
• Pulsar Helium: TSXV-listed helium exploration company with projects in the U.S. (Minnesota) and Greenland. Comparable as a publicly listed primary helium developer pursuing high-grade helium discoveries with similar small-cap, pre-production economics.
• First Helium: TSXV-listed helium exploration and production company operating in Alberta, Canada. Direct peer pursuing primary helium development with PSA processing infrastructure and offtake arrangements with industrial gas customers.

Emerging players

• Noble Helium: ASX-listed helium exploration company targeting the Rukwa Basin in Tanzania. Comparable as a junior primary helium developer but at an earlier exploration stage with a different geography (Africa vs. North America).

Broad incumbents

• Linde plc: Global industrial gas major (formed from the Praxair/Linde merger). Direct buyer of helium globally and the largest producer; relevant because Praxair/Linde is the historical employer of Helix director Gregg Peters and represents the natural offtake and competitive backdrop for primary producers like Helix.
• Air Liquide: Global industrial gas major with significant helium production, distribution, and trading operations. Relevant incumbent competitor and potential offtake counterparty for Helix's Grade A helium production.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/HelixExp
• LinkedInlinkedin.com/company/helixexploration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Helix Exploration