The London Stock Exchange welcomes Mendell Helium to AIM
The London Stock Exchange today welcomes Mendell Helium plc (‘Mendell Helium’ or the ‘Company’) which is celebrating its admission to AIM.
Mendell Helium is a helium producer in Kansas, USA where it operates in Fort Dodge, just to the east of Dodge City, and in the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America.
It is Fort Dodge where the Company focuses most of its activities and where it plans a further six producing wells before the end of 2026, two of which are currently being completed. With a 5.1% helium composition, the Company’s flagship well, Rost 1-26, has a recorded flow rate of 250 Mcf per day. This has become the blueprint for future expansion in the Fort Dodge region.
Mendell Helium’s operations differ from conventional wisdom in the oil & gas industry in that it targets gas reservoirs below the water table and it is central to its strategy that it often removes substantial volumes of water from production wells using high volume pumps and returning the water to a nearby disposal well.
“We are delighted to begin trading on AIM today. As we advance our significant development programme in Fort Dodge, Kansas, this marks the right moment to join a globally recognised growth market that aligns with our long-term ambitions.”
“We are supported by an exceptionally committed and talented team, and while there is considerable work ahead as we execute our plans, the foundations for growth are firmly in place. The success of the Rost 1-26 well has validated our strategy, and our extensive land position provides a strong platform from which to expand our operations.”
“I would like to thank our shareholders and advisers for their continued support and confidence in Mendell Helium. As we enter this exciting new phase of growth, we look forward to keeping the market updated as our programme of new wells progresses over the coming months.”
Nick Tulloch
CEO of Mendell Helium
