Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Feb 2025capital raising announcement● NeutralMajor
Helios raises $691,325 through interest-free convertible notes, converting at $0.005 a share, to fund Presidio licence renewal work and working capital. Directors Kin and Lochtenberg take $75,000; their notes are repayable in cash unless shareholders approve conversion. Repays the December director and staff loans.
6 Feb 2025director officer appointment● Neutral
John Cathcart, a former resources fund manager and broker with 30 years' experience, joins the board as non-executive director from 5 February 2025. The board grows to five including the Managing Director.
31 Jan 2025quarterly activities report● Neutral
December quarter report covers Kin's appointment, his December site visit, the $150,000 loans, and the January resource report and WDVG engagement. Acreage is now 7,877.8 acres at 70% WI. A cost reduction exercise has begun; Kin expects the company can drill sooner rather than later.
28 Jan 2025admin correction● Neutral
Helios re-issues the 16 January contingent resource announcement with added detail on permits and classification categories. The resource figures shown are unchanged.
16 Jan 2025resource reserve update▲ GoodMajor
An independent report by Foundation Energy books first Presidio contingent resources, Lower Ojinaga only. Net (75% NRI): oil 5-8 million barrels, NGL 2-4 million, gas 36-57 Bcf, about 13.3-21.7 MMBOE. Classified development on hold; completes the resource report funded in December.
13 Jan 2025contract award▲ Good
Helios engaged Houston-based W.D. Von Gonten Engineering to provide geological evaluation, 3D hydraulic fracture modelling and laboratory testing for the Presidio Project. Managing Director Philipp Kin said it gave the best chance of realising the project's potential; no cost was stated.
11 Dec 2024debt financing● NeutralMajor
Helios secures $150,000 of unsecured short-term loans from directors, staff and broker Gleneagle, at 12% interest, to fund a resource report. The A$500,000 Gleneagle facility remains undrawn and is extended to 12 months. First funding source announced since the cash questions arose.
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.
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.
31 Oct 2024quarterly activities report● Neutral
September quarter report shows Presidio acreage at 8,390 gross (5,873 net) acres, down slightly from 8,670, with 70% WI in four wells. It restates the focus on phased gas commercialisation. Cash figures and operating results not shown in the extract.
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 2024quarterly activities report● Neutral
March quarter report restates the Macaw LNG gas sales agreement (six-month term) and the 70% Presidio interest over 17,850 gross acres. No new operating results in the extract. Cash figures not shown.
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 Jan 2024quarterly activities report● Neutral
December quarter report repeats that Presidio 52#1 lower zones are impaired, wet gas is down to 500 mcf a day, and a workover is planned. Gas commercialization options, including a farm-in partner, remain under review. No leases were acquired or disposed of; 17,850 gross acres held. Cash figures not shown.
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.
