# Drilling locations identified for Fort Dodge Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/drilling-locations-identified-for-fort-dodge--6d6a8967-cb95-4409-8995-921c819a2732 Original source: https://www.londonstockexchange.com/news-article/MDH/drilling-locations-identified-for-fort-dodge/17845054 Publisher: lse Original announcement: 2026-10-21T05:00:02.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T07:16:17.007Z Atlas analysis updated: 2026-10-21T07:16:17.007Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Identification of five new prospective drilling locations via 3D seismic data - Positive factor: Confirmation of co-funding interest from Rixford Resources for additional wells - Positive factor: Core four-well campaign is fully funded from April 2026 capital raise - Positive factor: Operational efficiencies identified through bulk purchasing and logistics - Positive factor: Existing production at Rost 1-26 and Schneweis Ventures 13A continues - Negative factor: New locations are subject to land access and drilling permits - Negative factor: Rost 2-26 de-watering progress must be monitored before committing to fracking Facts used in scoring: 3 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: 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 1-26 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-locations-identified-for-fort-dodge--6d6a8967-cb95-4409-8995-921c819a2732#fact-drill-facts-0) Fort Dodge · helium Historical result Needs review: historical\_restatement #### 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 factor: High helium composition Evidence · text > tested as containing 5.1% helium composition #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Rost 2-26 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-locations-identified-for-fort-dodge--6d6a8967-cb95-4409-8995-921c819a2732#fact-drill-facts-1) Fort Dodge · helium Historical result Needs review: historical\_restatement #### 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 factor: High helium grade Evidence · text > Rost 2-26 has reported a helium composition of 11.5% #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Schneweis Ventures 13A [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-locations-identified-for-fort-dodge--6d6a8967-cb95-4409-8995-921c819a2732#fact-drill-facts-2) Fort Dodge Historical result Needs review: historical\_restatement #### 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 factor: High peak flow rates Evidence · text > peak flow rates of up to 700 Mcf per day #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: 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.