Announcement • Jun 04
Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.506902 million. Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.506902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 502,300,680
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing Announcement • May 20
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.506902 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.506902 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 502,300,680
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • May 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m (AU$6.0k revenue, or US$4.3k). Market cap is less than US$10m (AU$13.4m market cap, or US$9.67m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Mar 20
First half 2026 earnings released: EPS: AU$0 (vs AU$0 in 1H 2025) First half 2026 results: EPS: AU$0 (in line with 1H 2025). Net loss: AU$1.63m (loss widened 19% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Dec 25
Independent Non-Executive Director exercised options to buy AU$180k worth of stock. On the 19th of December, Mark Lochtenberg exercised options to buy 20m shares at a strike price of around AU$0.005, costing a total of AU$100k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since June 2025, Mark's direct individual holding has increased from 98.04m shares to 163.14m. This was the only transaction from an insider over the last 12 months. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.7m free cash flow). Revenue is less than US$1m (AU$19k revenue, or US$12k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$35.6m market cap, or US$23.7m). Announcement • Oct 24
Helios Energy Limited, Annual General Meeting, Nov 21, 2025 Helios Energy Limited, Annual General Meeting, Nov 21, 2025. Location: at nexia perth, level 4, 88 william street, perth wa 6000 Australia Reported Earnings • Oct 01
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (improved from AU$0.002 loss in FY 2024). Net loss: AU$3.68m (loss narrowed 26% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$58k revenue, or US$39k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$45.3m market cap, or US$29.9m). New Risk • May 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m (AU$58k revenue, or US$38k). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$40.5m market cap, or US$26.2m). Announcement • Mar 25
Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Helios Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 19
First half 2025 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2024) First half 2025 results: EPS: AU$0 (improved from AU$0.001 loss in 1H 2024). Net loss: AU$1.37m (loss narrowed 53% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.604049 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.604049 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 372,007,063
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Rights Offering Announcement • Mar 13
Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Helios Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Announcement • Feb 19
Helios Energy Limited Appoints Edward J May as Chief Financial Officer Helios Energy Limited announced the appointment of Mr. Edward J May as the company's chief financial officer effective immediately. Mr. May has over 20 years' accounting and financial experience in the oil and gas industry and is currently the owner of ETB Oil and Gas Accounting Services; an accounting services firm based in Texas, USA. As the Chief Financial Offer, Mr. May will be responsible for the accounting and financial services at Helios' USA office, including banking, tax management, revenue management and other ongoing general financial matters. Mr. May will report to the Managing Director of the Board. Announcement • Feb 06
Helios Energy Limited Announces the Appointment of John Cathcart to the Board as a Non-Executive Director Helios Energy Limited announced the appointment of Mr. John Cathcart to the Board as a Non-Executive Director of the Company effective 5 February 2025. Mr. Cathcart has 30 years' experience in energy and mining investment analysis including extensive experience in these sectors at a technical, corporate and financial level, working in oil, gas, gold, copper and nickel at several major operations. He made the successful transition to the financial sector and broking in 1994 where he established a very strong reputation with several brokers including Baillieu's, BT, HSBC and CommSec before running the Resources portfolio at Thorney Investments. Mr. Cathcart has invested in oil and gas stocks in Australia and the USA for many years and has travelled extensively reviewing these investments. Previously, Mr. Cathcart was an investment manager at Thorney Investments for a significant period of time and was recently a director of stockbroking firm Rawson Lewis. He is currently an advisor to Cygnet Capital. Announcement • Oct 30
Helios Energy Limited, Annual General Meeting, Nov 28, 2024 Helios Energy Limited, Annual General Meeting, Nov 28, 2024. Location: at nexia perth, level 4, 88 william street, perth wa 6000 Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$168k revenue, or US$117k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$41.7m market cap, or US$28.9m). Announcement • Aug 10
Helios Energy Ltd Has Appoints Henko Vos to Its Board of Directors as A Non-Executive Director Helios Energy Ltd. has appointed Mr. Henko Vos to its Board of Directors as a Non-Executive Director. Mr. Vos is the Company Secretary for Helios and is a member of the
Australian Institute of Company Directors, the Governnance Institute of Australia and Chartered Accountants Australia and New Zealand. Date of appointment is 8 August 2024. New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.5m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$168k revenue, or US$112k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$91.1m market cap, or US$60.7m). Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Robert Bearden was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (further deteriorated from AU$0.002 loss in FY 2022). Net loss: AU$8.61m (loss widened 89% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 07
Director recently bought AU$67k worth of stock On the 4th of September, Mark Lochtenberg bought around 1m shares on-market at roughly AU$0.057 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Aug 31
Helios Energy Limited Announces Board Changes Helios Energy Ltd. announced the appointment of Mr. Mark Lochtenberg to the Board of Directors. Mr. Lochtenberg graduated with a Bachelor of Law (Hons) degree from Liverpool University, U.K. and has been actively involved in the coal industry for more than 30 years. Mark Lochtenberg is the former Executive Chairman and founding Managing Director of ASX listed Baralaba Coal Company Limited (formerly Cockatoo Coal Limited). He was a principal architect of Cockatoo's inception and growth from an early stage grassroots explorer through to an emerging mainstream coal producer. Mr. Lochtenberg was also formerly the co-head of Glencore International AG's worldwide coal division, where he spent 13 years overseeing a range of trading activities including the identification, due diligence, negotiation, acquisition and aggregation of the coal project portfolio that would become Xstrata Coal. Prior to this Mr. Lochtenberg established a coal "swaps" market for Bain Refco, (Deutsche bank) after having served as a senior coal trader for Hansen Neuerburg AG and as coal marketing manager for Peko Wallsend Limited. Mr. Lochtenberg has previously been a Director of ASX listed Pacific American Coal Limited and Cumnock Coal Limited and of privately held United Collieries Pty Limited. Mr. Lochtenberg is currently appointed as Non-Executive Chairman of Evolve Limited, ASX listed Terracom Limited (TER) and Equus Mining Limited (EQE) and is also Non-Executive Director for ASX listed Nickel Industries Limited (NIC). The Company also advise of the resignation of Director Nicholas Ong, whoretires from the Board effective today. The Board would like to acknowledge and thank Mr. Ong for his valuable contributions to the Company and wishes him all the best for his future endeavours. Announcement • Jun 14
Helios Energy Limited Announces Change of Company Secretary Helios Energy Limited announced the appointment of Mr. Henko Vos as Company Secretary. Mr. Vos is a member of the Australian Institute of Company Directors, the Governance Institute of Australia and Chartered Accountants Australia & New Zealand. He holds similar secretarial roles in various other listed public companies in both industrial and resource sectors. For the purpose of ASX Listing Rule 12.6, the Company confirms that Mr. Vos will be responsible for communication between the Company and the ASX. Mr. John Palermo will be stepping down from his role as Company Secretary. The Board wishes to thank Mr. Palermo for his service and contribution to the company secretarial role over the past 5.5 years and his continued support of the Company. The above changes will be effective from, 14 June 2023. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in 1H 2022) First half 2023 results: AU$0.003 loss per share (further deteriorated from AU$0.001 loss in 1H 2022). Net loss: AU$4.91m (loss widened 96% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
Helios Energy Ltd Provides Update on the Status of the Upcoming Completion of Presidio Well 52 #1 Helios Energy Ltd. provide an update on the status of the upcoming completion of Presidio Well 52 #1. The Frack Job for Presidio Well 52#1 is expected to commence on 10 January 2023, subject to the contracted frack crew completing the progress frack job on schedule. To date, three water storage facilities have been completed and filled with water. Frack tanks along with six sand silos are on site and have also been functionally tested. The sand silos are currently being filled with frack sand proppant. Helios will execute a four-stage vertical frack across the 1,623 feet interval between the lower bench of the Ojinaga Formation and the bottom of the casing including Eagle Ford and Boquillas. The frack job has been designed to reflect the highly naturally fractured intervals existing within this vertical interval. A total of 120,000 barrels of frack water will be utilised along with 3,000,000 pounds of frack sand. The four-stage frack intervals will be co-mingled as a vertical completion for production purposes. Announcement • Nov 22
Helios Energy Limited Announces Presidio Project Update Helios Energy Ltd. provided an update on recent well testing activities: The testing of Presidio 52#1 well. The testing of Quinn Creek 141#1 well. The testing of Presidio 141#2 well. Connection of the Quinn Creek 141#1 well to production facilities. Presidio 52#1 Testing; The Presidio 52#1 well has been successfully drilled to a total depth (TD) of 8,806 feet. During drilling, the Presidio 52#1 well encountered the lower bench of the Ojinaga Formation (primary target) and the Eagle Ford Shale Formation (secondary target) as well as two older (deeper) Cretaceous units, being the Buda and Georgetown Formations (both secondary targets). The lower bench of the Ojinaga Formation was encountered at the depth of 6,632 feet and is 793 feet thick. Helios has successfully tested and produced oil from all three wells (namely, Presidio 141#2, Quinn Creek 141#1 and Quinn Mesa 113) it has drilled which have penetrated the Ojinaga Formation. The oil analysis shows that the oil in the Ojinaga Formation is sourced from the Eagle Ford Shale Formation. The Eagle Ford Shale was encountered at a depth of 7,425 feet and is 836 feet thick with the deepest 235 feet also referred to as the Boquillas Formation. A workover rig was recently used by Helios to conventionally test (without fracking) the lower Boquillas Formation in the Presidio 52#1 well (which is equivalent to the lower Eagle Ford Formation in Karnes County, Texas). When originally drilling the well, significant wet shows were recorded in the lower Boquillas section with gas measurements of up to 10,000 units and a gas composition of 25% C2 (ethane) to C4 (butane). Natural fractures, high rock brittleness and a relatively high Total Organic Composition (TOC) were also noted. Using the workover rig, Helios perforated a 20 feet section from 8,190 feet to 8,210 feet in the lower Boquillas Formation, which is located immediately above the Buda Formation. Although the test results indicated low permeability the well naturally flowed gas and oil at modest rates without being fracked. This is important as it establishes another potentially productive interval for lateral drilling in the future. Recent Testing of Quinn Creek 141#1 Well; The discovery well in the Presidio Project, Quinn Creek 141#1, was recently re-entered utilizing a workover rig. During the recent re-entry, the bridge plug at 4,350 feet was unseated and the well flowed oil and gas naturally to the pits. The well initially flowed wet gas at an estimated rate exceeding 1,000 MCF per day. However, there was no oil and gas separator nor meter installed to measure the rate accurately. Quinn Creek 141#1 is now shut in with production tubing run in the well. Various artificial lift applicationsare being investigated to optimize sustainable production. The well continues to build up pressure while being shut in. Background to Quinn Creek 141#1 Well; In late June 2018, Helios successfully completed a one stage frack in the vertical Quinn Creek 141#1 well to test oil and gas shows and log indications between 4,744 and 4,880 feet (a 136 foot interval) in the lower bench of the Ojinaga Formation. The frack of the lower bench of the Ojinaga Formation in the Quinn Creek 141#1 well resulted in the successful injection of approximately 212,000 pounds of frack sand (approximately 1,500 pounds of frack sand per foot) and approximately 10,000 barrels of slick water (approximately 75 barrels of slick water per foot). On 19 July 2018, Helios reported that the well flowed 260 barrels of oil and 1,345 barrels of completion fluid in 168 hours (7 days). Gas was also produced at 456 mcf per day on a 34/64ths of one inch choke. The well was shut in October 2018. Presidio 141#2 Testing The Presidio 141#2 well required maintenance after mechanical issues downhole disrupted production efforts. After re-entering the well, the damaged artificial lift pump was removed and upon swabbing out 23 barrels of fluid, the well began unassisted flow at a gas rate of 626 MCF per day and 74 barrels of oil were recovered in the first 24 hours. Presidio 141#2 is currently shut in as various artificial lift applications are being investigated to optimize sustainable production. The well continues to build up pressure while being shut in. Recent production has been intermittent due to the artificial lift pumping issues. Production Facilities Installed; Permanent production facilities have been installed at the well site location of the Presidio 141#2 well consisting of a 3-phase separator, two 500 barrel oil tanks, two 500 barrel water tanks, and a flare stack. The Quinn Creek 141#1 well has also been piped into and connected to flow to the shared field production facilities located at the Presidio 141#2 location. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Bearden was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 24
Helios Energy Limited, Annual General Meeting, Nov 22, 2022 Helios Energy Limited, Annual General Meeting, Nov 22, 2022, at 10:00 W. Australia Standard Time. Location: Level 3, 18 Richardson Street West Perth Western Australia Australia Agenda: To receive and consider the financial report of the Company together with the reports of the directors and the auditor for the financial year ended 30 June 2022; to consider the adoption of the Remuneration Report; to consider the re-election of Mr Hui Ye as a Director; to consider the approval of proportional takeover provisions; and to consider the approval of 10% Placement Facility. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (in line with FY 2021). Net loss: AU$4.55m (loss widened 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Helios Energy Ltd Reports Presidio 52#1 Well Has Been Successfully Drilled to A Total Depth of 8,806 Feet Helios Energy Ltd. reported that the Presidio 52#1 well has been successfully drilled to a total depth (TD) of 8,806 feet. During drilling to 8,806 feet, the Presidio 52#1 well encountered the lower bench of the Ojinaga Formation (primary target) but also the Eagle Ford Shale Formation (secondary target) as well as two older (deeper) Cretaceous units being the Buda and Georgetown Formations (both secondary targets). Lower Bench of the Ojinaga Formation The lower bench of the Ojinaga Formation was encountered during drilling at the depth of 6,632 feet and the lower bench of the Ojinaga Formation is 793 feet thick. Eagle Ford Shale The Eagle Ford Shale was encountered during drilling at a depth of 7,425 feet and is 849 feet thick (with the deepest 235 feet also referred to as the Boquillas Formation). Very good to excellent oil and gas shows Very good to excellent oil and gas shows were observed throughout the drilling of the entire lower bench of the Ojinaga Formation and throughout the drilling of the entire Eagle Ford Formation (which includes the 235 feet of the Boquillas Formation which ends at the casing point in the Presidio 52#1 well of 8,255 feet). Gas was consistently high throughout the drilling through the entire lower bench of the Ojinaga Formation and throughout the drilling of the entire Eagle Ford Formation and reached over 8,000 units. From the gas isotope analysis, it shows the wetness ratios are between 24-30% which is corresponding to the oil associated gas in the genetic gas classification. At a depth of 8,255 feet (in the Boquillas Formation), it was necessary to increase the mud weight to 11.5 pounds per gallon (ppg) to manage the gas levels in the well. Helios has extracted 30 rotary sidewall cores from the lower bench of the Ojinaga Formation and the Eagle Ford Formation (which includes the 235 feet of the Boquillas Formation) all of which had live black oil on the outside of the cores and core staining. Cuttings retrieved from the core tool were also covered with oil. The strong observed oil and gas shows, analysis of the log data, analysis of the formation micro imaging (FMI) and the Ultra Sonic Scanner data, and the separation on the resistivity log, suggests there are several highly naturally fractured intervals (with micro fracture halos) in both the lower bench of the Ojinaga Formation and the Eagle Ford Shale Formation (including in the Boquillas Formation). Boquillas Formation The 235 feet interval between 8,030 feet and the casing point of 8,255 feet can also be referred to as the Boquillas Formation. The Boquillas Formation is a unit composed of alternating beds of organic rich shale, marl and limestone. The Boquillas interval is time equivalent to the lower Woodbine organic shales found in Madison and Brazos Counties, Texas, USA. Strong oil and gas shows were observed over the 235 feet of the Boquillas Formation. Analysis of the sonic scanner data shows that this 235 feet interval of Boquillas Formation is highly fractured with open fractures. Side wall cores taken from the Boquillas Formation are currently being analyzed, with preliminary observations verifying oil and gas shows. Buda and Georgetown Formations Commencing from the casing point located at 8,255 feet, a 4-1/2-inch slim hole was drilled through the Buda and Georgetown Formations. The Buda Limestone was encountered at 8,261 feet and the Georgetown Limestone was encountered at a drilling depth of 8,403 feet and penetrated 403 feet before the Presidio 52#1 reached TD. Several small intervals in the Georgetown Limestone (occurring between 8,412 feet and 8,618 feet) had drill breaks and good oil shows and associated fluorescence, with oil also being observed in the drilling mud. However, the analysis of the logs also indicated very low porosity in the Buda Limestone (less than 3%) and most Georgetown Limestone (less than 6%). Even the evidence of oil and gas in thin, porous and possibly dolomitic zones (where porosity is greater than 5% to 6%) in the Georgetown Limestone is of considerable interest to Helios however it is of less significance than our primary interest being the 1,623 feet across the lower bench of the Ojinaga Formation and the Eagle Ford Shale Formation (including the Boquillas Formation) where strong oil and gas shows have been observed coincident with highly naturally fractured rock intervals. Announcement • Jun 07
Helios Energy Limited Announces Presidio 52 No.1 Well Update Helios Energy Ltd. reported that the Presidio 52#1 well has been cased and cemented to a measured depth (MD) of 8,255 feet. The Presidio 52#1 well is targeting the lower bench of the Ojinaga Formation (primary target) but also the Eagle Ford Shale Formation (secondary target) as well as older (deeper) Cretaceous units being the Buda, Georgetown and Edwards Limestone Formations (all secondary targets). The lower bench of the Ojinaga Formation was encountered during drilling at the depth of 6,632 feet and the lower bench of the Ojinaga Formation is 793 feet thick. The Eagle Ford Shale was encountered during drilling at a depth of 7,425 feet and is 849 feet thick. The Buda Limestone is projected to commence in a further 19 feet from the casing point at the depth of 8,274 feet. Very good to excellent oil and gas shows were observed throughout the drilling of the entire lower bench of the Ojinaga Formation and throughout the drilling of the entire Eagle Ford Formation including down to the casing point of 8,255 feet. Gas was consistent throughout the drilling and reached over 8,000 units. The gas has a high percentage of heavy gas components with 25% or more of C2 to C4 sampled. At a depth of 8,255 feet (only 19 feet above the projected commencement of the Buda Limestone) it was necessary to increase the mud weight to 11.5 pounds per gallon (ppg) to manage the gas levels in the well. Helios has extracted 30 rotary sidewall cores from the Ojinaga Formation and Eagle Ford Formation which had live black oil. Cuttings retrieved from the core tool were covered with oil. The strong observed oil and gas shows suggests there are several highly naturally fractured in intervals in both the lower bench of the Ojinaga Formation and the Eagle Ford Shale Formation. A comprehensive suite of logs was run over the Ojinaga Formation and Eagle Ford Shale Formation prior to the extraction of the 30 sidewall cores. Analysis of these logs and the observance of very good to excellent oil and gas shows throughout the drilling of the entire lower bench of the Ojinaga Formation and throughout the drilling of the entire Eagle Ford Formation resulted in Helios deciding to case and cement the well to 8,255 feet (bottom of the Eagle Ford Shale Formation). The casing and cementing of the well to 8,255 feet has now been successfully completed. Helios has successfully tested and produced oil from all the wells it has drilled which have penetrated the Ojinaga Formation. The oil analysis shows that the oil in the Ojinaga Formation is sourced from the Eagle Ford Shale Formation. The Eagle Ford Shale Formation has an average thickness across the Presidio Oil Project of 460 feet. In the Presidio 52#1 well the Eagle Ford Shale Formation was encountered during drilling at a depth of 7,425 feet and it is 849 feet thick. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Robert Bearden was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 04
Helios Energy Limited Announces Spud of Presidio 52 No. 1 Well Helios Energy Ltd. reported that the drilling of the Presidio 52#1 well has commenced. The Presidio 52#1 well is targeting the Ojinaga Formation (primary target)but also the Eagle Ford Formation (secondary target) as well as older (deeper) Cretaceous units being the Buda, Georgetown and Edwards limestone Formations (all secondary targets). At the Presidio 52#1 well location, the lower bench of the Ojinaga Formation is at a depth of approximately 6,950 feet and the bench isapproximately 650 feet thick. The Presidio 52#1 well will be drilled to a total depth (TD) of 9,800 feet. The Presidio 52#1 well location permits a very cost-effective penetration into Buda, Georgetown and Edwards interpreted traps as well as representing a prime location and depth for the Ojinaga Shale Formation. The previously completed 88 miles of 2D seismic has established a thick presence of Austin Chalk age equivalent Ojinaga Formation across Helios' entire acreage position of 85,685 gross acres. The thickness of the Ojinaga Formation ranges from 1,000 feet in the eastern section of Helios' acreage to 2,000 feet in the western section. In addition, these 88 miles of 2D seismic has established a thick presence of Ojinaga Formation across the entire Ojinaga Formation play area which is approximately 300,000 acres in size. The lower bench of the Ojinaga Formation shows well on both 2D and 3D seismic and is easily mapped. During the past 4 months, Helios completed its new 2D seismic work program. The program involved line clearing and shooting an additional 11 miles of 2D seismic. This new 2D seismic (2 lines of approximately 5.5 miles each) augments the existing old 2D seismic which covers the location of the Presidio 52#1 well. The new 11 miles of 2D seismic has easily mapped the lower bench of the Ojinaga Formation in the Presidio 52#1 well. At the Presidio 52#1 well location, the lower bench of the Ojinaga Shale Formation is between 6,950 and 7,600 feet and is therefore approximately 650 feet thick. Helios has successfully tested and produced oil from all the wells it has drilled which have penetrated the Ojinaga Formation. The oil analysis shows that the oil in the Ojinaga Formation is sourced from the EagleFord shale. The Eagle Ford shale has an average thickness across the Presidio Oil Project of 460 feet. When the Presidio 52#1 well is drilled, the well will pass through the Eagle Ford Shale on the way to the Buda, Georgetown and Edwards Formations. The interpreted thickness of the Eagle Ford Shale at the Presidio 52#1 location is 870 feet. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2021). Net loss: AU$2.51m (loss widened 16% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.006 loss in FY 2020) Full year 2021 results: Net loss: AU$3.74m (loss narrowed 57% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$2.16m (loss widened 146% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Announcement • Feb 25
Helios Energy Limited announced that it expects to receive AUD 11.44 million in funding Helios Energy Limited (ASX:HE8) announced a private placement of 95,333,333 shares at issue price of AUD 0.12 per share for gross proceeds of AUD 11,440,000 on February 24, 2021. The transaction will include participation from sophisticated and professional investors. The transaction is expected to close on March 3, 2021. Announcement • Nov 06
Helios Energy Limited, Annual General Meeting, Dec 08, 2020 Helios Energy Limited, Annual General Meeting, Dec 08, 2020, at 09:00 W. Australia Standard Time. Location: Level 3, 18 Richardson Street West Perth Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2020 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of director Robert Bearden; to consider approval of 7.1A mandate; to consider ratification of prior issue of shares; to consider ratification of prior issue of shares; to consider ratification of prior issue of options; and to consider other matter. Reported Earnings • Oct 02
Full year earnings released - AU$0.0058 loss per share Over the last 12 months the company has reported total losses of AU$8.82m, with losses widening by 212% from the prior year. 