# Rudyard – Ollie \#1 Well Completion

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rudyard-ollie-1-well-completion--0dc41c2a-5f2e-4f24-9e1d-729f2b8dda18

Original source: https://www.londonstockexchange.com/news-article/HEX/rudyard-ollie-1-well-completion/17823237

Publisher: lse

Original announcement: 2026-10-07T05:00:02.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-07T08:17:36.425Z

Atlas analysis updated: 2026-10-07T08:17:36.425Z

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Completion of Ollie \#1 well ahead of schedule and under budget

- Positive factor: Highest mudlog helium readings to date at 4,800 ppm

- Positive factor: Well intended as a fourth production well

- Negative factor: Mudlog readings are not a direct measure of recoverable volumes

Facts used in scoring: 1

## 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 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 \#1

[Link to this fact](https://atlas-staging.minestarters.com/news/rudyard-ollie-1-well-completion--0dc41c2a-5f2e-4f24-9e1d-729f2b8dda18#fact-drill-facts-0)

Rudyard · helium

Historical result

Needs review: historical\_restatement

#### 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 factor: Record mudlog reading for the project

- Negative factor: 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 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

## 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.