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An announcement from Helios Energy Ltd ( (AU:HE8) ) is now available.
Helios Energy Ltd announced that an Independent Contingent Resource Report validates the substantial scale and quality of its Presidio Project in West Texas. The report highlights significant hydrocarbon potential discovered through exploration activities, identifying large quantities of recoverable resources in the Ojinaga Formation. This validation reinforces Helios’s strategy and positions the company as a key player in the evolving energy landscape, with expectations of improved operational efficiencies and increased resource recoveries. The company’s Managing Director emphasizes the potential of the project as a major new play, benefiting from industry knowledge and regulatory support, which could lead to substantial shareholder value.
More about Helios Energy Ltd
Helios Energy Ltd, trading under ASX code HE8, operates in the energy sector with a focus on exploring and developing hydrocarbon resources. The company is primarily engaged in the exploration of oil and gas, particularly through its Presidio Project in West Texas. Helios aims to leverage unconventional resource knowledge and technical expertise to enhance its operations and optimize resource recovery.
YTD Price Performance: 0%
Average Trading Volume: 615,536
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.46M
For an in-depth examination of HE8 stock, go to TipRanks’ Stock Analysis page.
