Added to YB: 2026-05-22
Pitch date: 2026-05-20
HEX.L [neutral]
Helix Exploration PLC
-4.09%
current return
Author Info
No bio for this author
Company Info
Helix Exploration PLC, a helium exploration company, engages in the development and exploitation of small-scale gas leases.
Market Cap
GBP 82.5M
Pitch Price
GBP 0.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
-60.43
P/E
-34.99
EV/Sales
N/A
Sector
Chemicals
Category
growth
Helix Exploration PLC - $HEX.L
HEX.L (update): Achieved initial offtake 30-40 Mcf/day helium at spot rates 'substantially above' original $500/Mcf model assumption (current spot $1,000-$1,200/Mcf). Three wells producing, targeting 70 Mcf/day at full capacity (~$13M annual rev). Mantle-sourced renewable helium-3 (10+ ppb, $2,500/L) + geological hydrogen potential. Air Force partnership funded. CEO targeting 20 wells by 2030 ($80M rev, $480M implied valuation vs £75M today). Strategic M&A likely given majors' acquisition history. Risks: purity verification, hydrogen confirmation, execution delays.
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