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Helios Energy Ltd ( (AU:HE8) ) has issued an update.
Helios Energy Ltd has announced the advancement of its production restart operations at the Presidio Project in Texas, with significant progress being made in restoring wells and preparing facilities for sustained operation. The company has strengthened its US-based technical team by appointing a Chief Operating Officer, Chief Geologist, and Chief Drilling Engineer, all of whom bring extensive experience in US oil and gas basins. These appointments are aimed at enhancing Helios’ technical execution capabilities while maintaining cost efficiency. The company is also engaging with major leaseholders to explore potential new lease acquisitions, signaling a strategic move towards expanding its operational footprint.
More about Helios Energy Ltd
Helios Energy Ltd operates in the oil and gas industry, focusing on exploration and production activities. The company is primarily involved in the Presidio Oil Project in Texas, USA, and is dedicated to enhancing its technical and operational capabilities within the US oil and gas basins.
Average Trading Volume: 1,977,218
Technical Sentiment Signal: Sell
Current Market Cap: A$68.01M
Learn more about HE8 stock on TipRanks’ Stock Analysis page.