Drilling locations identified for Fort Dodge
Original announcement by lse on
- Company
- Mendell Helium PLC
- Ticker
- MDH
- Exchange
- LSE
- Region
- Kansas, USA
- Primary commodity
- Helium
- Secondary commodities
- None reported
- Document categories
- Other, Drill results
- Extracted
- 2026-10-21 07:16:17 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Mendell Helium has identified five new prospective helium drilling locations at Fort Dodge using 3D seismic data. The company has secured a drilling contractor and received interest from Rixford Resources to co-fund an expanded programme beyond the initial four-well campaign.
Reasoning: The announcement details significant operational progress in preparing for a drilling campaign, including new target identification and potential program expansion through co-funding.
Positive factors
- Identification of five new prospective drilling locations via 3D seismic data
- Confirmation of co-funding interest from Rixford Resources for additional wells
- Core four-well campaign is fully funded from April 2026 capital raise
- Operational efficiencies identified through bulk purchasing and logistics
- Existing production at Rost 1-26 and Schneweis Ventures 13A continues
Negative factors
- New locations are subject to land access and drilling permits
- Rost 2-26 de-watering progress must be monitored before committing to fracking
Facts used in scoring: 3
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company is expanding its Fort Dodge programme based on proximity to existing Rost wells and shared infrastructure.
Evidence · text
“three of the target locations are sufficiently close to the Rost Wells that may be able to share the on-site production facilities”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
Rost 1-26Fort Dodge · heliumGrade: 5.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- Rost 1-26
- Project
- Fort Dodge
- Commodity
- helium
- Region
- kansas, usa
- Reported Region
- kansas, usa
- Ticker
- MDH
Geometry
- Grade
- 5.1
- Grade Unit
- %
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Historical composition data provided in company overview.
Positive factors
- High helium composition
Evidence · text
“tested as containing 5.1% helium composition”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Rost 2-26Fort Dodge · heliumGrade: 11.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- Rost 2-26
- Project
- Fort Dodge
- Commodity
- helium
- Region
- kansas, usa
- Reported Region
- kansas, usa
- Ticker
- MDH
Geometry
- Grade
- 11.5
- Grade Unit
- %
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Reported helium composition for the second well.
Positive factors
- High helium grade
Evidence · text
“Rost 2-26 has reported a helium composition of 11.5%”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Schneweis Ventures 13AFort DodgeHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- Schneweis Ventures 13A
- Project
- Fort Dodge
- Region
- kansas, usa
- Reported Region
- kansas, usa
- Ticker
- MDH
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Operational update on well performance.
Positive factors
- High peak flow rates
Evidence · text
“peak flow rates of up to 700 Mcf per day”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.