Helios Energy Ltd (AU:HE8) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Helios Energy Ltd has revitalized its Presidio 52#1 well, achieving a post-workover production of 839,000 cubic feet per day of wet gas, indicating a significant potential increase in oil and gas production. In collaboration with Macaw Energies LLC, Helios plans to utilize a proprietary liquefaction process to maximize natural gas production and reduce waste at its Presidio Oil & Gas Project in Texas. This development is part of Helios’ broader strategy to enhance gas commercialization and tap into the substantial wet gas resources of the region.
For further insights into AU:HE8 stock, check out TipRanks’ Stock Analysis page.