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Helios Energy Ltd ( (AU:HE8) ) has shared an update.
Helios Energy Ltd has made significant advancements in its Presidio Oil Project in Texas, identifying a 15,500-acre unconventional sweet spot and multiple conventional prospects for drilling. The company has initiated a dual-track strategy to restart existing wells for early cash flow and data collection while pursuing unconventional testing and conventional farm-outs to reduce capital exposure. Recent operational activities have led to the first oil sales from the project, with ongoing efforts to enhance production efficiency and expand technical capabilities in Texas.
More about Helios Energy Ltd
Helios Energy Ltd, listed on the ASX under the code HE8, operates in the oil and gas industry. The company focuses on exploration and production activities, with a significant emphasis on the Presidio Oil Project in Texas. Helios Energy is involved in both conventional and unconventional oil extraction, aiming to optimize production and expand its operational footprint.
Average Trading Volume: 856,922
Technical Sentiment Signal: Sell
Current Market Cap: A$35.62M
Find detailed analytics on HE8 stock on TipRanks’ Stock Analysis page.