An announcement from Helios Energy Ltd ( (AU:HE8) ) is now available.
Helios Energy Ltd has announced significant advancements in its Presidio Project, with an independent report validating the project’s substantial resource potential. The company has raised $4.3 million to support technical and geological work, appointed a world-class technical team, and made strategic leadership appointments to drive the project forward. The engagement of W.D. Von Gonten Engineering is expected to de-risk development planning and enhance the project’s economic viability. These developments position Helios for growth in a favorable U.S. energy landscape, aiming to deliver tangible progress for stakeholders.
More about Helios Energy Ltd
Helios Energy Ltd is a company operating in the energy sector, focusing on the exploration and development of hydrocarbon resources. Its primary focus is on the Presidio Project in West Texas, where it aims to harness significant oil and gas resources.
YTD Price Performance: 40.0%
Average Trading Volume: 1,401,079
Technical Sentiment Signal: Buy
Current Market Cap: A$40.3M
Learn more about HE8 stock on TipRanks’ Stock Analysis page.