-+ 0.00%
-+ 0.00%
-+ 0.00%
Mendell Helium Buys Remaining Stake in Nilson Well in US
Share
Listen to the news
06:01 AM EDT, 10/09/2026 (MT Newswires) -- Mendell Helium (MDH.L) purchased the remaining 25% stake it did not already own in the Nilson 22‑1 well in Kansas, US, for $186,092 in shares. The helium exploration and production company will issue 3,094,000 ordinary shares at 0.0448 pound each to minority investors, according to a Friday release. The new shares are expected to start trading on Oct. 15. As such, Mendell now holds a 100% interest in the well at the Hugoton gas field, which was fracked in the fourth quarter of 2024.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending