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 10.30 am (UK) at Edinburgh Printmakers, Castle Mills, 1 Dundee Street, Edinburgh, EH3 9FP. The Company is pleased to confirm that all resolutions were duly passed.
Full details of the poll results are set out below:
Resolution | For | Against | Discretion to Chairman | Withheld | Total |
01 | 75,395,467 | 730,627 | Nil | Nil | 76,126,094 |
02 | 71,448,437 | 3,977,210 | Nil | 700,447 | 76,126,094 |
03 | 69,261,821 | 6,163,826 | Nil | 700,447 | 76,126,094 |
04 | 70,988,819 | 878,940 | Nil | 4,258,335 | 76,126,094 |
05 | 69,443,580 | 3,958,982 | Nil | 2,723,532 | 76,126,094 |
06 | 72,266,130 | 1,021,629 | Nil | 2,838,335 | 76,126,094 |
07 | 74,331,489 | 890,626 | Nil | 903,979 | 76,126,094 |
08 | 74,571,794 | 1,483,853 | Nil | 70,447 | 76,126,094 |
09 | 75,276,266 | 730,626 | Nil | 119,202 | 76,126,094 |
10 | 71,646,193 | 2,821,890 | Nil | 1,658,011 | 76,126,094 |
11 | 69,256,285 | 5,741,798 | Nil | 1,128,011 | 76,126,094 |
12 | 74,519,760 | 1,606,334 | Nil | Nil | 76,126,094 |
The number of shares in issue at 6:30 p.m. (UK) on 3 November 2026 was 357,930,937. The Company does not hold any shares in treasury.
ENDS
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve
Enquiries:
Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website | ||
Mendell Helium plc Nick Tulloch, CEO | Via our website | |
Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray | Tel: +44 (0) 20 7213 0880 | |
SI Capital Limited (Broker) Nick Emerson | Tel: +44 (0) 1483 413500 | |
Fortified Securities Guy Wheatley | Tel: +44 (0) 203 4117773 | |
| Tel: +44 (0) 20 3973 3678 | |
AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss | Tel: +44 (0) 207 4690930 | |
Spire by St Brides (Public & Investor Relations) Alan Green | Tel: +44 (0) 20 7236 1177 |
Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium's flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled a second well, Rost 2-26, which is currently being de-watered and early results have been encouraging. In particular Rost 2-26 has reported a helium composition of 11.5%. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. M3 Helium has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day. Since coming back on line, the well has recorded peak flow rates of up to 700 Mcf per day, although rates have been variable during de-watering.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, 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 are all tied into the infrastructure.
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