3 Dec 2024material agreement● Neutral
Helios appoints NWR Communications as investor relations advisor to raise investor and media awareness. No fee or terms are given in the text.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2024director officer appointment▲ GoodMajor
Philipp Kin joins the board as Managing Director from 15 November 2024, filling the role vacant since Richard He retired in April. Pay is $25,000 a month for an initial 18 months, plus 57 million options at $0.02 to $0.04, subject to shareholder approval.
8 Nov 2024admin correction● Neutral
Helios corrects its 2024 annual report to add omitted information: director John Kenny was a director of Winchester Energy (ASX: WEL) from 3 July 2023 to 31 May 2024. Administrative only.
30 Sept 2024annual report● Neutral
Annual report to 30 June 2024 describes Presidio (70% WI in 4 wells, 8,670 gross acres) as the principal activity, with a 2,000+ ft oil and gas column and an OOIP estimate of about 87,000 barrels per acre. Financial figures not shown in the extract.
30 Sept 2024other● Neutral
Corporate governance statement and Appendix 4G for 2024. It notes Richard He's April 2024 retirement, that Neville Henry acts as VP Exploration and Production, and that the company will fill the Managing Director role as soon as practicable. No new substantive news.
9 Aug 2024director officer appointment● Neutral
Company Secretary Henko Vos is appointed a non-executive director, holding no shares. He keeps the secretary role. The board is now Lochtenberg, Kenny and Vos.
31 July 2024quarterly activities report● NeutralMajor
June quarter report shows Presidio acreage down to 8,670 gross acres (6,069 net) from 17,850. Helios began an active campaign to find a farm-in partner for Presidio. It also cites a roughly 2,000 ft oil and gas column across the project.
29 July 2024price query● Neutral
Responding to an ASX query on a price move between $0.022 and $0.017 and heavy volume, Helios said it knows of no undisclosed information and no other explanation. This mirrors its answer to the July 2022 query.
24 June 2024director officer appointment▼ BadMajor
Chairman Hui Ye will retire as chair and director effective 30 June 2024. Along with the earlier exits of Richard He and Robert Bearden, this leaves Lochtenberg and Kenny as the remaining non-executive directors named. No successor chair is named.
28 May 2024auditor change● Neutral
BDO Audit Pty Ltd is appointed auditor after BDO Audit (WA) resigned with ASIC consent, because BDO is restructuring its audit practice. A shareholder vote to confirm is planned at the next AGM.
23 May 2024production update▲ GoodMajor
Presidio 52#1 workover is complete, finished under budget, and the well restarted at 839 mcf a day of wet gas while unloading water. Bottom-hole pressure rose almost 300%. Helios expects output to improve once water subsides. This follows the earlier impairment.
30 Apr 2024director officer appointment● Neutral
Non-executive director Robert Bearden retired from the board. His final interest notice shows 11 million shares and 15 million options at $0.255 expiring December 2025. Following Richard He's departure two weeks earlier, the board is down to Hui Ye, Lochtenberg and Kenny.
22 Apr 2024material agreement▲ GoodMajor
Helios signed a six-month gas sales agreement with Macaw Energies, a Golar LNG subsidiary, to install a modular LNG unit at Presidio and buy gas that would otherwise be flared. Macaw keeps the LNG and splits natural gas liquids profits with Helios. This starts the gas commercialization pilot flagged earlier.
15 Apr 2024director officer appointment▼ BadMajor
Managing Director Richard He has retired from the role and the board. The final interest notice is filed under the name Ping He, showing indirect holdings of about 239 million shares and a 3.15% to 6.3% working interest in Presidio. No successor is named.
15 Mar 2024half year report● Neutral
Half-year report to 31 December 2023 repeats the Presidio 70% interest in four wells over 17,850 gross acres, with no leases acquired or lost. It describes the project as Helios's principal activity. Financial figures not shown in the extract.
1 Mar 2024other▼ Bad
S&P index rebalance notice lists Helios (HE8) among companies removed from the All Ordinaries index effective 18 March 2024. No company-specific news; it is an index membership change only.
31 Oct 2023quarterly activities report▼ BadMajor
September quarter report: Presidio 52#1 production from its two most productive lower zones has become impaired, and wet gas has fallen to 500 mcf a day. A workover is planned. This reverses the earlier May gain of 1.2 million cubic feet a day.
30 Oct 2023annual report● Neutral
Print copy of the 2023 annual report already released on 29 September. It repeats the same content, with no new information.
26 Oct 2023director officer appointment● Neutral
John D. Kenny, a lawyer who co-founded Helios, is appointed a non-executive director, taking the board to five directors.
29 Sept 2023other● Neutral
Annual corporate governance statement and Appendix 4G, approved by the board on 29 September 2023. It reports compliance against ASX recommendations and notes the Ong-to-Lochtenberg board change. No new operational or financial news.
29 Sept 2023annual report● Neutral
Annual report to 30 June 2023 shows 70% in four wells over 17,850 gross acres, after 42,134 non-core acres were allowed to expire during the year. It also names helium plants in China as a second business unit. Financial figures not shown in the extract.
18 Sept 2023other● Neutral
Administrative notice that the Computershare Perth share registry office moves to Level 17, 221 St Georges Terrace from 18 September 2023. No operational or financial news.
30 Aug 2023director officer appointment● Neutral
Mark Lochtenberg, a coal industry executive, joins the board as a non-executive director, replacing Nicholas Ong, who resigned. Neville Henry, who gave earlier competent person statements, is appointed Vice President of Exploration and Production.
16 May 2023flow test result▲ GoodMajor
Presidio 52#1 is now producing over 100 barrels of oil a day, with an oil cut above 10% and gas at 1.2 million cubic feet a day. Oil output has risen from 70-80 barrels a day in February as frack water unloads.
15 May 2023flow test result▲ Good
Flowback of Presidio 52#1 resumed after tubing and a compressor were installed, at over 1.5 million cubic feet of gas a day and 750 barrels of water a day with a 3% oil cut. About 72,000 barrels of frack water remain to be recovered.
16 Mar 2023half year report● Neutral
Half-year report to 31 December 2022 repeats the Presidio 52#1 frack and the 9 February rates of 70-80 barrels of oil and 700,000 cubic feet of gas a day. It shows 21,690 gross acres held after 30,574 non-core acres expired. Financial figures not shown in the extract.
9 Feb 2023flow test result▲ GoodMajor
Presidio 52#1 is producing 70-80 barrels of oil and about 700,000 cubic feet of gas a day after 10 days of flowback. Only 42,000 of 115,000 barrels of frack water are recovered. This is the first post-frack rate, but the well is still mainly flowing back frack water.
23 Jan 2023well test result● NeutralMajor
The 4-stage frack across 1,623 ft of Presidio 52#1 was completed and flowback has begun, initially recovering frack fluid. The stages are co-mingled. No oil or gas rates yet, so the completion result is still pending.
6 Jan 2023drilling scheduled● Neutral
The Presidio 52#1 four-stage frack across 1,623 ft is expected to start 10 January 2023, subject to the frack crew finishing a prior job on schedule. It will use 120,000 bbl of water and 3,000,000 lb of sand. This follows the weather delays from September.
21 Nov 2022well test result▲ GoodMajor
Workover tests flowed gas and oil naturally. Presidio 52#1 lower Boquillas (20 ft perforated) flowed at modest rates unfracked, despite low permeability. Quinn Creek 141#1 flowed wet gas above an estimated 1,000 mcf/d, unmetered. Presidio 141#2 gave 626 mcf/d and 74 bbl oil in 24 hours; both wells were shut in pending artificial lift.