Helix Exploration PLC (AIM:HEX) has announced the successful acquisition of a drilling rig from Treasure State Drilling, a move that significantly advances its upcoming appraisal drilling campaign at the Ingomar Dome project in Montana. The Cardwell KB-150 D1D drilling rig, capable of reaching depths exceeding 8,000 feet, is perfectly suited to meet the project's specific requirements. This acquisition is particularly noteworthy given the frequent challenges operators face in securing rig availability.
The expertise of the Treasure State Drilling team, led by Well Stenger, brings over two decades of experience with this specific rig to the project. Furthermore, Helix Exploration's recent partnership with Petroleum Consultants, a firm specializing in contract drilling engineering, enhances the company's preparedness for the drilling campaign scheduled for the third quarter. This collaboration is designed to ensure efficient management of all drilling processes and logistics, adhering to a stringent timeline.
Preparation for the campaign extends beyond equipment and personnel, encompassing essential oil and gas industry preparations such as legal documentation, site development, and securing a reliable water supply. CEO Bo Sears has emphasized the importance of these steps in positioning Helix Exploration to effectively leverage its resources as it enters this critical phase of operations. Investors are encouraged to stay informed about further developments as the project progresses toward commencement. For more information on Helix Exploration's projects, visit https://www.helixexploration.com.
