Mendell Helium PLC - Placing to raise £700,000 to fund production well
Summary
Mendell Helium Secures £700K to Fund Second Rost Well
In this interview, StockBox spoke to Nick Tullock CEO of Mendell Helium (AQSE:MDH), about their recent funding success and expansion plans.
➡️$700K Raised to Fund Twin Well: Mendell secured £700,000 to co-fund a new "twin" well alongside U.S. investors, following strong performance from the original Rost well.
➡️Boosted Production Strategy: The new well will feature wider casing for improved water and gas flow, potentially surpassing Rost’s output and enhancing overall production efficiency.
➡️Future Expansion & AIM Readiness: Plans include pipeline feasibility, a possible recompletion of a third-party well, and a strategic move to AIM with active production in place — signaling real-time momentum.
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