Mendell Helium plc
MDH:AQX

Mendell Helium plc is based in Perth, Scotland and owns an option to acquire the entire issued share capital of M3 Helium Corp. (“M3 Helium”), a producer of helium in Kansas, US.

M3 Helium has an interest in ten wells in two regions in the south-west of the state – the world renowned Hugoton field, where natural gas and helium have been produced for over 90 years, and Fort Dodge, a smaller region but one with a very high helium content (recently tested at 5.1%).

Mendell Helium is currently preparing the publication of an admission document, following which its acquisition of M3 Helium will complete.

Pending concluding the merger, Mendell Helium has supported M3 Helium through the provision of loans to enable that company to continue the development of its assets. This has included new wells, tie-ins to nearby production infrastructure and increasing production. Most importantly, as we bring the Rost well in Fort Dodge into production, there is potential to develop significant revenue.