HOUSTON – Mendell Helium PLC has announced its participation in the upcoming NAPE Expo, which will be held in Houston from February 4 to February 7, 2025. The company plans to present the business of M3 Helium Corp. in the Hugoton and Fort Dodge gas fields in Kansas, which are areas of significant interest due to recent events.
Mendell Helium, which previously disclosed an option to buy M3 Helium on June 27, 2024, will use the platform to highlight the interest of its potential nine-well acquisition target. However, the exercise of this option and the subsequent readmission of the enlarged group to trading on the growing AQSE market remain uncertain.
NAPE Expo is the premier event for the North American energy sector, facilitating the exchange of leads and real estate between companies ranging from small independents to major industry players. Mendell Helium’s presence at the Expo will give it the opportunity to collaborate with potential partners and investors.
The company’s announcement follows the success of the Nilson well, which has attracted significant attention since December 23, 2024. M3 Helium’s innovative approach to well development in the Hugoton field, in partnership with Scout Energy Partners, has led to potential financing opportunities. These are still in the preliminary stages and there are no guarantees of success, but a successful financing could lead to improved shareholder returns.
The company’s M3 Helium Nilson well, which went through major production in September 2024, is part of a farm contract covering a significant portion of the Hugoton gas field, potentially offering up to 200 well opportunities. This well continues to show promise, delivering 141 m3/day of gas for processing and contributing significantly to the company’s revenue.
Fort Dodge’s Rost well, which tested high in helium, shows the potential for significant monthly revenues at projected production rates. The estimated cost of bringing Rost into production is approximately $400,000, which includes the necessary infrastructure upgrades.
This report is based on a press release, and the information provided is subject to change in accordance with new developments.
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