Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Feb 2022quarterly activities report▲ Good
December 2021 quarter cash flow: cash rose to A$23.1M from A$14.6M, helped by A$9.9M from option exercises. Operating outflow was A$561K and exploration spend A$741K, giving about 17.7 quarters of funding at that rate. No debt facilities.
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 2021quarterly activities report● Neutral
September 2021 quarterly: the 4th Presidio well, targeting an interpreted 1,200-acre Buda trap, is now expected to be completed in Q1 2022, not by 31 December 2021 as announced in September. An 11-mile 2D seismic program has started. Pressure testing on 141#2 'will cease very shortly'.
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.
29 Oct 2021quarterly activities report▲ Good
September 2021 quarter cash statement: cash rose to $14.593M from $9.902M, helped by $4.863M of placement proceeds and $1.251M from option exercises. Operating outflow was $1.481M; no debt. Funding shown as 9.9 quarters.
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.
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.
2 Aug 2021quarterly activities report● Neutral
June 2021 quarter cash statement: cash fell to $9.902M from $11.689M, with a $997K operating outflow and $1.0M investing outflow. No debt. Funding is shown as 9.9 quarters at current spending.
2 Aug 2021quarterly activities report● Neutral
June 2021 quarterly report: notes the $4.86M placement at 15c after quarter end. Presidio 141#2 is still in pressure build-up testing, and the 70% interest is still stated as arising on completion. No new results.
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.
Create a free account to see this worked out for your own holding.
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.
