Mendell Helium PLC Result of AGM

RNS Number : 2036L

Mendell Helium PLC

06 November 2024

 

 

 

6 November 2024

 

Mendell Helium plc

 

("Mendell Helium" or the "Company") 

 

Result of AGM

 

The Annual General Meeting of the Shareholders of Mendell Helium was held today at 10.00 am (UK) at Arran House, Arran Road, Perth, Perthshire PH1 3DZ. The Company is pleased to confirm that all resolutions were duly passed (other than resolution 3 which was withdrawn prior to the meeting).

 

 

 

ENDS

 

Enquiries:

Mendell Helium plc   Nick Tulloch, CEO	Tel: [phone]   [e-mail] https://mendellhelium.com/
Cairn Financial Advisers LLP (AQSE Corporate Adviser)   Ludovico Lazzaretti/Liam Murray	Tel: [phone]
SI Capital Limited (Broker)   Nick Emerson	Tel:  [phone]
Stanford Capital Partners Ltd (Broker)   Patrick Claridge/Bob Pountney	Tel:  [phone]/51
Brand Communications (Public & Investor Relations)   Alan Green	Tel: [phone]

 

 

Overview of M3 Helium and the Hugoton North Play

 

Mendell Helium, formerly Voyager Life plc, announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium's shareholders.  The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.

 

M3 Helium has interests in six wells in South-Western Kansas of which three (Peyton, Smith and Nilson) are in production.  Five of the company's wells are within the Hugoton gas field, one of the largest natural gas fields in North America.  Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells can quickly be tied into the infrastructure.

 

The sixth well is in Fort Dodge and was tested in July 2024 as containing 5.1% helium composition.  Although not within direct access to the gathering network, M3 Helium owns a mobile Pressure Swing Adsorption production plant which could be used to purify the helium on site.

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END

 

 

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