Helix is acquiring the Keyes Helium Complex (KHC) in Oklahoma for US$10mm in cash and US$1mm in stock plus US$3.7mm in w/c and transaction costs. The price is a ~65% discount to replacement cost without the need for lengthy permitting and newbuild construction timelines, plus avoiding potential commissioning issues as this plant has a reliable operating history. The value of liquefaction has been demonstrated by two helium E&P companies - North American Helium and Pulsar - looking to build lique ....
