Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Sept 2021drilling scheduled▲ GoodMajor
Helios plans to spud and complete a 4th Presidio well by 31 December 2021, targeting an interpreted 1,200-acre Buda trap, with Ojinaga at 7,000 ft and planned total depth 9,000 ft. A 4 sq mile 3D seismic survey has begun. Pressure testing on 141#2 'will cease very shortly'.
7 Sept 2021other● Neutral
Routine notice that 5,000,000 listed options were converted into ordinary shares (issued 3 September 2021), with the standard cleansing statement. No new information.
1 Sept 2021other● Neutral
Routine notice that 833,334 listed options were converted into ordinary shares (issued 30 August 2021), with the standard cleansing statement. No new information.
21 July 2021capital raising announcement▲ GoodMajor
Helios raised $4.86M via a placement of 32,416,668 shares at 15 cents, jointly managed by CPS Capital and Gleneagle. Funds go to working capital and more Presidio leases. This follows the 12c raise in February, at a higher price.
What it means for a shareholder
32.4m new shares at A$0.150 to raise about A$4.9m. That's 1.9% dilution: every existing holder's slice gets 1.9% smaller. If you held A$1,000 of shares (6,667 at the issue price), your slice goes from 0.000404% to 0.000396% of the company. To keep it you'd need 131 more shares - about A$20 at the issue price.
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19 July 2021investor presentation● Neutral
Company presentation repeating known Presidio facts. Capital structure shows 1,651,104,002 shares, 920.2M listed options, 240M performance rights, cash of about $9M at 19 July 2021 and no debt. No new results.
18 June 2021other● Neutral
Routine notice that 1,168,392 listed options were converted into ordinary shares (issued 16 June 2021), with the standard cleansing statement. No new information.
15 June 2021other● Neutral
Routine notice that 500,000 listed options were converted into ordinary shares (issued 11 June 2021), with the standard cleansing statement. No new information.
23 Mar 2021regulatory community update▲ Good
The Supreme Court of Western Australia granted orders on 22 March covering the missed cleansing notice for the March 2021 placement shares and earlier share issues, declaring sales of those shares not invalid. This resolves the placement's compliance defect.
23 Mar 2021listing compliance notice● Neutral
ASX lifted the suspension immediately after Helios announced the Supreme Court orders. This resolves the 18 March voluntary suspension.
18 Mar 2021listing compliance notice▼ Bad
At Helios's request, shares were suspended pending a possible Federal Court application over a missed cleansing notice for the 95,333,357 shares issued on 4 March 2021. Suspension runs until the application is decided or 23 March.
16 Mar 2021other● Neutral
ASX paused trading in Helios pending a further announcement. No reason is given in the notice.
16 Mar 2021half year report● Neutral
Half-year report to 31 December 2020. The directors' report repeats the Presidio narrative: 141#2 still in pressure build-up testing, leasing cut due to low oil price, and the 70% interest still stated as arising on completion of that well.
24 Feb 2021capital raising announcement▲ GoodMajor
Helios raised $11.44M through a placement of 95,333,333 shares at 12 cents to sophisticated investors. Funds go to working capital and more Presidio leases. This addresses the thin cash position of $1.611M at December.
What it means for a shareholder
95.3m new shares at A$0.120 to raise about A$11.4m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.000538% to 0.000507% of the company. To keep it you'd need 513 more shares - about A$62 at the issue price.
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22 Feb 2021investor presentation● Neutral
Company presentation repeating known project facts. Capital structure shows 1,547,968,919 shares, 927M listed options, 240M performance rights and cash of $1.611M at 31 December 2020, with no debt. No new results.
2 Feb 2021listing compliance notice● Neutral
ASX lifted the suspension immediately after Helios lodged its December 2020 quarterly report. This resolves the 1 February late-report suspension.
1 Feb 2021listing compliance notice▼ Bad
ASX suspended Helios from 1 February 2021 for failing to lodge its quarterly report by the due date. This is the second such late-report suspension, after November 2019.
3 Nov 2020annual report● Neutral
Print copy of the 30 June 2020 annual report already lodged on 1 October. Presidio is the principal activity; the 70% interest in 85,685 gross acres still arises 'upon completion' of the 141#2 well, which remains on natural flow awaiting artificial lift.
1 Oct 2020annual report● Neutral
Annual report to 30 June 2020 describes Presidio as the principal activity. The 70% interest in 85,685 gross acres is still stated as arising 'upon completion' of the third well. Well 141#2 is on natural flow awaiting artificial lift.
1 Oct 2020annual report● Neutral
Appendix 4G corporate governance checklist lodged with the annual report; the governance statement is at pages 45-51. Administrative, with no operational substance.
15 May 2020regulatory community update▼ BadMajor
Helios says the low oil price means it will materially cut spending on new leases and has curtailed additional Presidio wells planned for late 2020. Well 141#2 remains on natural flow. This is a slowdown in the drilling program.
24 Mar 2020listing compliance notice● Neutral
ASX lifted the trading suspension immediately after Helios released its operations and production update. This resolves the 23 March voluntary suspension.
24 Mar 2020well test result● Neutral
Presidio 141#2 is still flowing naturally, with 4,092 barrels of oil and 42,800 mcf of gas produced; 60% of frack fluid recovered. It still needs artificial lift for commercial oil. Play area is now said to be about 300,000 acres, up 50%.
23 Mar 2020other● Neutral
At Helios's request, shares were suspended pending an operations and production update. Helios asked for the suspension to end by trading on 24 March 2020 or when the announcement is released. Content of the update is not yet known.
19 Mar 2020price query● Neutral
ASX paused trading in Helios shares pending a further announcement. No reason is given in the notice.
16 Mar 2020half year report● Neutral
Half-year report to 31 December 2019 describes Presidio as the company's principal activity and repeats the Presidio 141#2 results. On completing the third well Helios expects 70% of 85,685 gross acres (59,980 net). Trinity is not mentioned in the visible text.
20 Dec 2019well test result● Neutral
Presidio 141#2 has produced 3,574 barrels of oil and recovered 57% of frack fluid. It was shut in for a pressure build-up test until early January 2020, after which it should flow naturally before being put on artificial lift.
27 Nov 2019capital raising announcement▲ GoodMajor
Helios raised $5,212,800 through a placement of 27,435,789 shares at 19 cents, to sophisticated investors, for working capital. Settlement is due 2 December 2019. Follows the 13.1c placement a year earlier, at a higher price.
What it means for a shareholder
27.4m new shares at A$0.190 to raise about A$5.2m. That's 1.8% dilution: every existing holder's slice gets 1.8% smaller. If you held A$1,000 of shares (5,263 at the issue price), your slice goes from 0.00035% to 0.000344% of the company. To keep it you'd need 96 more shares - about A$18 at the issue price.
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1 Nov 2019listing compliance notice● Neutral
ASX will lift the suspension from 4 November 2019 after Helios lodged its quarterly activities report. This resolves the 1 November suspension.
1 Nov 2019listing compliance notice▼ Bad
ASX suspended Helios shares from 1 November 2019 for failing to lodge its periodic report by the due date. This was a lodgement lapse rather than an operational event.
25 Oct 2019annual report● Neutral
Print copy of the 2019 annual report already lodged on 27 September; the visible text repeats the same Presidio content and directors. No new information in the extract.
