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An announcement from Helios Energy Ltd ( (AU:HE8) ) is now available.
Helios Energy Ltd has announced several strategic developments in its quarterly report for the period ending December 31, 2024. Notably, the company appointed Philipp Kin as Managing Director, secured short-term funding, and confirmed the scale of its Presidio Project through an independent resource report. These initiatives are expected to enhance Helios’ operational capabilities and strengthen its position in the energy sector, with plans to expedite drilling operations in the near future.
More about Helios Energy Ltd
Helios Energy Ltd is a company operating in the energy and mining sectors, focusing on oil and gas projects. Its flagship asset is the Presidio Project, located in the Marfa Sub-Basin in West Texas, targeting the Cretaceous Lower Ojinaga Formation. Helios holds a 70% working interest in the project, which covers several wells and a significant acreage.
YTD Price Performance: 30.0%
Average Trading Volume: 580,019
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$33.85M
For a thorough assessment of HE8 stock, go to TipRanks’ Stock Analysis page.
