Mendell Helium - Major Drilling and Processing Progress in Fort Dodge

Why It Matters

The partnership and modular plant could transform Mandel Helium into a major U.S. helium producer, securing supply amid global shortages and delivering substantial, non‑dilutive growth for shareholders.

Key Takeaways

• Helium partner proposes 1,000 MCF/day modular plant at Ross site
• Ross 2 7‑inch well drilled under budget, shows multiple helium zones
• Geology of Mororrow Sands mirrors Oklahoma model, enabling higher output
• US investors fund 35% of Ross 2, offering non‑dilutive capital
• Modular facility can scale beyond 1,000 MCF as more wells come online

Summary

Mandel Helium’s CEO Nick Tullik announced a breakthrough partnership to install a 1,000 MCF per day helium production facility at the Ross field in Fort Dodge, Kansas. The proposal, driven by a major helium producer, would use the company’s existing wells and a modular plant that can be expanded as additional wells are drilled, potentially scaling production well beyond the initial capacity.

The company recently completed drilling of Ross 2, a 7‑inch well that finished under budget and on schedule. Gas sampling revealed helium shows across several formations, confirming the Mororrow Sands target and indicating clean helium with minimal hydrocarbon contamination. The wider‑casing design, inspired by successful operations in Oklahoma’s analogous formation, is expected to boost water and gas extraction, improving overall output.

Tullik highlighted that the third‑party partner’s confidence—projecting 1,000 MCF/day—validates Mandel’s geological model and drilling strategy. A letter of intent is in place, with a formal contract to follow, and the modular plant is slated for a four‑month build. Meanwhile, the firm secured US investor financing for 35% of Ross 2, leveraging tax‑advantaged structures that provide non‑dilutive capital while preserving a 20% margin on helium production.

If the plant comes online as planned, Mandel Helium could become a significant domestic helium supplier, addressing supply gaps highlighted by recent Middle‑East crises. The scalable infrastructure positions the company to rapidly add wells, increase revenue, and attract further investment, potentially reshaping the U.S. helium market.

Original Description

Mendell Helium - Major Drilling and Processing Progress in Fort Dodge

In this interview, StockBox spoke to Nick Tulloch, CEO of Mendell Helium (AQSE: MDH), he outlined a major proposed helium production facility at Rost, strong drilling success at Rost-2, and new funding strategies to accelerate growth.

With new non-dilutive funding from US investors and plans to expand operations across Fort Dodge, Mendel Helium is entering a period of rapid growth and operational momentum.

Key Topics Discussed:

Proposed 1,000 Mcf/day helium processing facility

Rost-2 drilling success and helium shows

Modular expansion and scaling potential

US investor funding model (non-dilutive)

AIM listing plans

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