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An announcement from Helios Energy Ltd ( (AU:HE8) ) is now available.
Helios Energy has moved from exploration into early-stage production at its Presidio Oil Project in Texas, achieving first oil and condensate sales from wells 141#1 and 141#2 and refurbishing surface processing and storage facilities to support ongoing restart operations. The company is optimising flow rates and operating efficiency at existing wells, using restart activities to gather vital reservoir and production data that will underpin future drilling and development decisions, while actively pursuing funding discussions to support further acreage acquisition and drilling. With limited cash on hand, Helios is emphasising capital discipline, a measured, data-driven development strategy, and constructive engagement with key Presidio County leaseholders to consolidate additional acreage and enhance the project’s growth potential and long-term value for stakeholders.
The most recent analyst rating on (AU:HE8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Helios Energy Ltd stock, see the AU:HE8 Stock Forecast page.
More about Helios Energy Ltd
Helios Energy Ltd is an Australian-listed oil and gas company focused on the Presidio Oil Project in Presidio County, Texas. The company is transitioning from pure exploration toward early-stage production, leveraging both unconventional and conventional prospects across a 7,238-acre lease position to build a scalable onshore U.S. oil and condensate business.
Average Trading Volume: 1,161,865
Technical Sentiment Signal: Sell
Current Market Cap: A$33.04M
Find detailed analytics on HE8 stock on TipRanks’ Stock Analysis page.