Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Oct 2019asset acquisition disposition▲ GoodMajor
Helios bought a 70% working interest in a further 15,556 gross acres in the Presidio project. On completion of the third well it will hold 70% of 84,952 gross acres (59,466 net), up from 69,396 gross.
27 Sept 2019other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report; the governance statement is on pages 45-51. Administrative filing with no new operational or financial information.
27 Sept 2019annual report● Neutral
Annual report for year to 30 June 2019. Describes Presidio 141#2 (5,846 ft, 1,400 ft horizontal) and 70% WI in 69,396 gross acres on completion of the third well. Completion of the well is now anticipated in November 2019.
4 Sept 2019flow test result● Neutral
Over the past week Presidio 141#2 averaged about 117 barrels of oil and 621 mcf of gas per day, down from 146 barrels earlier. About 30% of frack fluid recovered. Helios says the well needs a pump for commercial production.
26 Aug 2019flow test result▲ Good
Presidio 141#2 rates rose: about 146 barrels of oil per day and 566 mcf of gas per day, with 20.7% of frack fluid recovered. Up from 72 barrels per day six days earlier as the well cleans up.
20 Aug 2019flow test result▲ GoodMajor
Presidio 141#2 produced its first oil after a week of flowback: about 72 barrels of oil and 396 mcf of gas per day, with about 8% of frack fluid recovered. Rates are rising. Compares with 260 barrels in 7 days from the single-stage Quinn Creek 141.
15 Aug 2019drilling progress report● Neutral
The 7-stage frack of Presidio 141#2 is complete, injecting about 3.313M lb of proppant (2,366 lb per lateral foot) and 64,000 barrels of fluid. The well is flowing back; no oil rates yet.
12 Aug 2019drilling progress report● Neutral
Frack of the 1,400 ft horizontal in Presidio 141#2 has started: 7 stages of about 200 ft, around 2,000 lb of proppant per foot. Flowback is expected from 13 August. This follows the delay from July and is the first multi-stage frack in the project.
9 Aug 2019security holder rights change● Neutral
Escrow release on 11 August 2019 for 265M shares, 655M options (expiring 31 December 2021) and 240M performance rights. Administrative notice; the performance rights still carry their vesting conditions per earlier disclosure.
17 May 2019drilling result▲ GoodMajor
The 1,400 ft horizontal leg of Presidio 141#2 was drilled with continuous good to excellent oil shows, and the well was cased to a total depth of 5,846 ft. Fracking was expected to start in July 2019.
26 Apr 2019drilling progress report▲ Good
Presidio 141#2 vertical section reached 5,074 ft; logs show a 220 ft highly fractured target zone with continuous oil shows in the lower Ojinaga. The 1,400 ft horizontal leg is now being drilled; frack design to follow. No flow result yet.
8 Apr 2019drilling spud▲ GoodMajor
Drilling began on Presidio 141#2, the third and final well Helios must drill to earn 70% of the initial 6,400 acres, ahead of the 30 June 2019 deadline. It sits 2,300 ft east of the Quinn Creek 141 discovery, planned 5,900 ft with a 1,400 ft horizontal leg.
28 Mar 2019drilling scheduled▲ Good
An 88-mile 2D seismic programme (14 new miles, 74 reprocessed) shows a thick Ojinaga Formation, 1,000 to 2,000 feet, across Helios' now 68,985 gross acres. Third well still planned to spud in April 2019.
14 Mar 2019half year report● Neutral
Half-year report to 31 December 2018. The visible directors' report restates the Ojinaga discovery and the 30 June 2019 deadline for the third Presidio well. Financial statements are not visible in the extract.
8 Mar 2019other▲ Good
S&P Dow Jones Indices will add Helios (HE8) to the All Ordinaries index from 18 March 2019. Third-party index notice, not a company announcement.
31 Dec 2018farm in farm out completion● NeutralMajor
Deadline to drill the third Presidio well, needed to earn 70% of the initial 6,400 acres, is extended again, from 31 December 2018 to 30 June 2019. Helios expects the well to spud in April 2019. Acreage unchanged at 66,776 gross.
27 Dec 2018listing compliance notice● Neutral
ASX lifted the suspension of Helios shares following the capital raising announcement. Administrative.
27 Dec 2018capital raising announcement▲ GoodMajor
Helios raised $10.1M through a placement of 77,099,237 shares at 13.1c to professional investors. Funds go to leasing, 2D seismic, the third Presidio well and working capital. Brokers get 350,000 shares and 10M options at 15c expiring 31 December 2021.
What it means for a shareholder
77.1m new shares at A$0.131 to raise about A$10.1m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (7,634 at the issue price), your slice goes from 0.00117% to 0.00104% of the company. To keep it you'd need 899 more shares - about A$118 at the issue price.
Create a free account to see this worked out for your own holding.
19 Dec 2018listing compliance notice● Neutral
Helios requested a voluntary trading suspension on 19 December 2018 pending a capital raising announcement, expected by 21 December. Cash was about $7.5M, so the raise follows the earlier presentation.
17 Dec 2018investor presentation● Neutral
Capital raising presentation, 17 December 2018, largely repeats the November deck. Shows cash of $7.5M, 1,416,721,015 shares and 15c price. It signals a raise was coming (confirmed two days later); no new operating results in the visible text.
27 Nov 2018investor presentation● Neutral
November 2018 presentation for Australian investors repeats the Ojinaga discovery and 66,776 Presidio acres. Shows 1,416,121,015 shares and cash of $7.9M (from $9.3M at 30 September). A 7,000 ft horizontal well is put at US$7M. No new results.
2 Nov 2018annual report● Neutral
Print copy of the 2018 annual report, already released in September. Restates the Ojinaga discovery and the 31 December 2018 deadline for the third Presidio well. Directors' report lists Steinepreis resigning 11 September 2018. Financials not visible in the extract.
3 Oct 2018admin correction● Neutral
Re-release of the 2018 annual report to fix minor typographical errors the company calls immaterial. No new substance.
28 Sept 2018annual report● Neutral
Annual report for the year to 30 June 2018 restates the Ojinaga oil discovery and the extension to 31 December 2018 for the third Presidio well. It also confirms John Palermo as Company Secretary. Financial figures are not visible in the extract.
28 Sept 2018farm in farm out completion● NeutralMajor
The deadline to drill the third Presidio well, needed to earn 70% of the initial 6,400 acres, is extended to 31 December 2018 (from 30 September). Helios will shoot 39 more miles of 2D seismic for US$600,000 before drilling it.
28 Sept 2018annual report● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2018, lodged with the annual report. Administrative; no operational or financial information.
18 Sept 2018investor presentation● Neutral
September 2018 investor presentation repeats the Ojinaga oil discovery and Presidio and Trinity projects. It shows 1,415,280,348 shares, cash of $9.2M and 66,776 gross acres. No new results.
17 Sept 2018price query● Neutral
Responding to ASX's 14 September query on a rise from 12.5c to 16c, Helios said it knew of no unannounced information and no other explanation for the price and volume change. It says it complies with the Listing Rules.
10 Sept 2018director officer appointment● Neutral
Gary Steinepreis resigned as Company Secretary and John Palermo was appointed from 10 September 2018. Steinepreis' board role is not stated in this notice (the annual report lists him as resigning 11 September).
28 Aug 2018capital raising announcement● Neutral
500,000 listed options were exercised at 2c into ordinary shares, raising about $10,000. Routine administrative issue.
