24 Oct 2022annual report● Neutral
Print copy of the 2022 annual report already released on 30 September. It repeats the same content, with no new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Sept 2022other● Neutral
Annual corporate governance statement and Appendix 4G, approved by the board 30 September 2022. Reports compliance against ASX recommendations; no new operational or financial news.
30 Sept 2022annual report● Neutral
Annual report to 30 June 2022 restates Presidio 52#1 drilling and a 70% interest in 4 wells over 59,984 gross (41,988 net) acres, down from 85,685 gross after 26,572 non-core acres were allowed to expire. Financial figures not shown in the extract.
12 Sept 2022drilling progress report▼ Bad
Helios will complete Presidio 52#1 with a 4-stage vertical frack over 1,623 ft, co-mingling production. The August start slipped because of heavy rain and a shortage of frack crews; no new date given.
27 July 2022price query● Neutral
Responding to an ASX query, Helios said it knows of no undisclosed information explaining the share price rise from 7.2c to an intraday 9.3c and higher volume on 27 July 2022. It confirmed it is complying with the Listing Rules.
28 June 2022drilling result● NeutralMajor
Presidio 52#1 reached TD of 8,806 ft, short of the 9,800 ft planned, with strong oil and gas shows in the Ojinaga and Eagle Ford. The deeper Buda and most Georgetown showed very low porosity. A completion program is being designed; no flow test yet.
6 June 2022drilling progress report▲ Good
Presidio 52#1 was cased to 8,255 ft after very good to excellent oil and gas shows through the Ojinaga (793 ft thick) and Eagle Ford (849 ft). 30 sidewall cores had live oil. Drilling into the Buda and Georgetown is due within 3 days.
21 Apr 2022joint venture update▲ GoodMajor
Helios signed a second China helium joint venture, with Shanxi Wanshengyuan, building extraction modules for about US$9.5M for 50% of profits. It targets about 500,000 Nm3/yr, five times the first Ordos JV, with first output scheduled March 2023.
4 Apr 2022drilling spud▲ GoodMajor
Drilling of Presidio 52#1, the 4th well in the Presidio project, began on 4 April 2022, targeting the Ojinaga Formation with deeper Buda, Georgetown and Edwards limestones; planned TD 9,800 ft. Follows the seismic program and slips from the earlier schedule only slightly.
16 Mar 2022half year report● Neutral
Half-year report to 31 December 2021 repeats the seismic completion and Presidio 52#1 plan, now saying the well will spud by 31 March 2022. Describes the Presidio Oil Project as the principal activity. Financial figures not shown in the extract.
17 Jan 2022other● Neutral
Routine notice that 681,077,304 listed options were converted into ordinary shares (issued 13 January 2022), with the standard cleansing statement. This was the largest conversion batch, but the notice has no other news.
10 Jan 2022security holder rights change▼ BadMajor
The 240M performance rights were cancelled because the milestone was not met. That milestone was 1,200 boe/d net from Presidio by 31 December 2021, so the target was missed. Also lapsed: 8,064,805 options at 10c and 10,000,000 at 15c.
4 Jan 2022other● Neutral
Routine notice that 132,199,804 listed options were converted into ordinary shares (62,603,050 issued 30 December 2021 and 69,596,754 on 4 January 2022), with the standard cleansing statement. No new information.
29 Dec 2021other● Neutral
Routine notice that 19,469,461 listed options were converted into ordinary shares (issued 22 December 2021), with the standard cleansing statement. No new information.
17 Dec 2021other● Neutral
Routine notice that 11,409,566 listed options were converted into ordinary shares (issued 15 December 2021), with the standard cleansing statement. No new information.
2 Dec 2021security holder rights change● Neutral
Letter to holders of listed options (HE8OA, 2c) reminding them they expire 31 December 2021, with quotation ceasing 24 December. Shares last traded at 11c on 1 December 2021. No underwriting is in place for exercise.
2 Dec 2021admin correction● Neutral
Re-issue of the same-day optionholder letter correcting the last quotation date to 23 December 2021 (previously 24 December). Options still expire 31 December 2021 at 2c. No other change.
2 Dec 2021other● Neutral
Routine notice that 11,192,416 listed options were converted into ordinary shares (issued 30 November 2021), with the standard cleansing statement. No new information.
26 Nov 2021other● Neutral
Routine notice that 1,145,479 listed options were converted into ordinary shares (978,812 issued 22 November and 166,667 on 23 November 2021), with the standard cleansing statement. No new information.
25 Nov 2021material agreement● Neutral
Clarifies the Chevron seismic agreement: Helios expects its cost to be no more than US$300,000, and the data is shared with Chevron. The agreement ends on completion of the works, Chevron's notice, or 6 June 2023, whichever is earliest.
23 Nov 2021material agreement▲ GoodMajor
Helios agreed with Chevron to acquire new seismic over 20 square miles (12,800 acres) of Chevron's south-west Presidio County acreage, at Helios's cost, sharing the data with Chevron. The 11-mile 2D seismic for the 4th well should finish by January 2022, with drilling in early 2022.
17 Nov 2021other● Neutral
Routine notice that 121,214 listed options were converted into ordinary shares (issued 15 November 2021), with the standard cleansing statement. No new information.
15 Nov 2021other● Neutral
Routine notice that 40,000 listed options were converted into ordinary shares (issued 11 November 2021), with the standard cleansing statement. No new information.
3 Nov 2021other● Neutral
Routine notice that 1,090,195 unlisted options (HE8AM) were converted into ordinary shares (issued 1 November 2021), with the standard cleansing statement. No new information.
1 Nov 2021joint venture update▲ GoodMajor
Helios starts a helium business in China, a new direction beyond Texas oil. It signed a joint venture with Ordos Xingxing Energy to extract helium from LNG boil-off gas, building a plant for about US$3.0M. Targeted output is 100,000 Nm³ a year, about US$3.1M of annual sales.
21 Oct 2021annual report● Neutral
Print copy of the annual report for the year to 30 June 2021, already lodged on 30 September. The directors' report repeats that 141#2 is still in pressure build-up testing and the 70% interest is still stated as arising on completion. No new information.
30 Sept 2021annual report● Neutral
Annual report for the year to 30 June 2021. The directors' report repeats the Presidio narrative: 141#2 still in pressure build-up testing, the 70% interest still stated as arising on completion, and a 300,000-acre play area. Text shown is truncated, so financials are not visible.
30 Sept 2021other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, pointing to the governance statement on pages 48-59. Administrative filing with no substantive news.
21 Sept 2021other● Neutral
Routine notice that 41,750,000 listed options were converted into ordinary shares (issued 17 September 2021), with the standard cleansing statement. No new information.
15 Sept 2021other● Neutral
Routine notice that 15,000,000 listed options were converted into ordinary shares (issued 14 September 2021), with the standard cleansing statement. No new information.