Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
31 July 2023quarterly activities report● Neutral
June quarter report repeats the 16 May Presidio 52#1 result of over 100 barrels of oil a day and 1.2 million cubic feet of gas. Acreage is now 17,850 gross acres. A new company secretary, Henko Vos, appears. Gas commercialization is still under review.
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.
28 Apr 2023quarterly activities report● Neutral
March quarter report repeats the February Presidio 52#1 rates. A gas compressor is being installed for gas-driven lift, after which flowback will restart. Presidio 141#2 and Quinn Creek 141#1 stay shut in. Gas options include a pipeline 40 miles away. Cash figures not shown in the extract.
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.
31 Jan 2023quarterly activities report● Neutral
The Presidio 52#1 four-stage frack was completed and flowback began, recovering about 1,600 barrels of frack fluid a day. During the quarter the Boquillas test flowed gas and oil at modest rates, and Quinn Creek 141#1 flowed wet gas at an estimated 1,000+ MCF a day.
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.
31 Oct 2022quarterly activities report▼ Bad
September 2022 quarter cash report: cash fell to A$15.8M from A$21.7M, with A$1.3M operating outflow and A$4.7M exploration spend. About 2.62 quarters of funding at that rate. No borrowings or new capital raised.
31 Oct 2022quarterly activities report● Neutral
September quarter report: frack design for Presidio 52#1 completed, with a crew still to be scheduled. At Presidio 141#2, pressure build-up testing is finished and artificial lift installation is nearing finalization, resolving the earlier testing thread.
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.
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.
1 Aug 2022quarterly activities report● Neutral
June quarter report repeats the Presidio 52#1 drilling results (TD 8,806 ft; 1,623 ft of Ojinaga and Eagle Ford with strong shows and natural fractures). Low-porosity Buda and Georgetown noted. Completion program still being designed; no flow results yet.
29 July 2022quarterly activities report● Neutral
June 2022 quarter cash report: cash fell to A$21.7M from A$26.7M. Operating outflow was only A$9K, with A$5.3M exploration spend, mainly Presidio 52#1. About 3.87 quarters of funding at that rate. No borrowings.
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.
2 May 2022quarterly activities report● Neutral
March quarter report: Presidio 52#1 spudded late in the quarter, and the 141#2 pressure build-up testing is still said to end shortly, with artificial lift needed for commercial oil. Also covers the second China helium JV. No new results.
2 May 2022quarterly activities report● Neutral
March 2022 quarter cash flow: cash rose to A$26.7M from A$23.1M, with A$7.2M from option exercises. Operating outflow was A$1.8M and exploration spend A$737K, about 10.5 quarters of funding. No borrowings.
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.
1 Feb 2022quarterly activities report▲ Good
New 11 miles of 2D seismic is complete and the Presidio 52#1 (4th well) location fixed, with spud expected in about 35 days. Helios sees a possible 1,700-acre Buda trap, down to 9,800 ft TD. Follows the earlier seismic plan.
