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An update from Helios Energy Ltd ( (AU:HE8) ) is now available.
Helios Energy Ltd has announced a strategic update, identifying a ‘sweet spot’ in its unconventional oil play and several high-impact conventional targets. The company plans to farm out its first conventional target and commence drilling within six months, with successful outcomes potentially enhancing the value of their leased acres and offering immediate re-rate potential.
More about Helios Energy Ltd
Helios Energy Ltd operates in the energy sector, focusing on both unconventional and conventional oil and gas exploration. The company is engaged in identifying and developing high-impact drilling targets, with a market focus on maximizing resource recovery and operational efficiency.
Average Trading Volume: 1,509,199
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$48.58M
For a thorough assessment of HE8 stock, go to TipRanks’ Stock Analysis page.