Rudyard – Ollie #1 Well Completion
Original announcement by lse on
- Company
- Helix Exploration PLC
- Ticker
- HEX
- Exchange
- LSE
- Region
- Montana
- Primary commodity
- Helium
- Secondary commodities
- None reported
- Document categories
- Other, Drill results
- Extracted
- 2026-10-07 08:17:37 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Helix Exploration has completed the Ollie #1 well at the Rudyard project in Montana, reaching a total depth of 6,311 ft. The well yielded mudlog helium readings of 4,800 ppm, the highest recorded at Rudyard to date, and is intended to serve as a future production well.
Reasoning: Successful well completion with record mudlog helium concentrations provides a strong indication for upcoming flow testing.
Positive factors
- Completion of Ollie #1 well ahead of schedule and under budget
- Highest mudlog helium readings to date at 4,800 ppm
- Well intended as a fourth production well
Negative factors
- Mudlog readings are not a direct measure of recoverable volumes
Facts used in scoring: 1
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 well is located in the Northern Dome of the Rudyard field, near existing infrastructure like Weil #1.
Evidence · text
“Ollie #1 is in the Northern Dome of the Rudyard field, approximately one mile north of Weil #1”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Drill Results (1)
Ollie #1Rudyard · heliumGrade: 4800Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- Ollie #1
- Project
- Rudyard
- Commodity
- helium
- Region
- usa_mt
- Reported Region
- usa_mt
- Ticker
- HEX
Geometry
- Grade
- 4800
- Grade Unit
- ppm
- Hole Depth
- 1923.5 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: 4,800 ppm mudlog reading is significantly higher than the previous high of 1,200 ppm.
Positive factors
- Record mudlog reading for the project
Negative factors
- Mudlog readings are an indication, not a measure of ultimate content
Evidence · text
“Highest mudlog helium readings of any Rudyard well drilled to date at 4,800 ppm * (0.48%) in drilling mud”
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
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.