Helios Energy Validates Significant Hydrocarbon Resources at Presidio Project

An update from Helios Energy Ltd ( (AU:HE8) ) is now available.

Helios Energy Ltd announced the validation of significant hydrocarbon potential at its Presidio Project in West Texas, as confirmed by an Independent Contingent Resource Report. The report highlights the presence of notable oil, natural gas liquids, and gas resources, drawing parallels to successful formations in other regions, which could position Helios as a key player in the area. This development promises to enhance Helios’s operational capabilities and potentially reduce costs, amid a favorable regulatory environment in the U.S., thereby presenting an exciting opportunity for stakeholders.

More about Helios Energy Ltd

Helios Energy Ltd, listed on the Australian Securities Exchange under the code HE8, operates in the energy sector and focuses on the exploration and development of oil and gas resources. The company’s primary efforts are centered around its Presidio Project in West Texas, where it aims to uncover and develop substantial hydrocarbon resources.

YTD Price Performance: 40.0%

Average Trading Volume: 632,846

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$36.46M

For detailed information about HE8 stock, go to TipRanks’ Stock Analysis page.