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HeLIX Exploration PLC (LSE:HEX) has announced that it has secured Precision Drilling’s Rig 704 to continue work on the Clink-1 well at the Ingomar project in Montana. This decision follows promising indications of helium and hydrogen gas in the Amsden, Charles, and Flathead formations encountered during earlier drilling.
The Clink-1 well was temporarily suspended earlier this month at a depth of 8,030 feet within the Flathead formation due to elevated gas readings. The company has now engaged Rig 704 to deepen the well further. This additional drilling aims to fully explore the Cambrian formation and assess any potential fractured zones in the Pre-Cambrian basement.
The drilling programme will commence with the mobilisation of Rig 704 in the week starting 30 September. Re-entry into the well is anticipated to take place within the first two weeks of October, followed by approximately two weeks of continued drilling. Following this phase, a flow testing stage is expected to begin to evaluate the well's commercial viability.
Chief executive Bo Sears expressed enthusiasm about the next steps for the Clink-1 well. He emphasized the positive findings so far, noting that gas shows have been detected across all targeted horizons, which include significant helium readings and hydrogen gas in the Flathead sandstone formation. Sears indicated that these results underscore the prospectivity of the Clink-1 well and the broader Ingomar project.
Sears further highlighted the company’s commitment to maintaining transparency with the market. He stated that Helix Exploration is eager to provide updates as the re-entry and testing phases progress. This ongoing work aims to validate the potential of the well and assess its commercial prospects based on the detailed analysis of the newly acquired data.
Overall, the continued drilling and upcoming flow testing are critical steps in determining the full potential of the Clink-1 well. Helix Exploration remains focused on advancing the project, leveraging the capabilities of Rig 704, and utilizing the insights gained from the gas shows observed to inform future operations and decisions.
