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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Feb 2019quarterly activities report● Neutral
December 2018 quarter activities report again restates the Quinn Creek 141 Ojinaga oil discovery (260 barrels of oil in 7 days) and the benches. No new well results in the visible text.
31 Jan 2019quarterly activities report● Neutral
December 2018 quarter cash statement: cash fell from $9.329M to $7.321M after a $2.033M operating outflow. No debt. Next-quarter outflow is estimated at $2.0M. Presidio holds 32,496 acres plus 34,280 under option; Trinity 3,128 acres.
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.
27 Nov 2018agm notice● Neutral
All three AGM resolutions passed on a show of hands: remuneration report, re-election of Nicholas Ong, and 10% placement capacity. Administrative.
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.
31 Oct 2018quarterly activities report● Neutral
September quarter cash report: cash fell from $11.426M to $9.329M after $2.074M operating outflow, mostly exploration. No debt. Next-quarter spending is estimated at $2.6M. Presidio 32,496 acres plus 34,280 under option; Trinity 3,128 acres.
31 Oct 2018quarterly activities report● Neutral
September 2018 quarter report restates the Quinn Creek 141 Ojinaga oil discovery (260 barrels of oil in 7 days, 39 API) and describes the middle and upper benches. No new results in the visible text.
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.
27 Aug 2018drilling result▲ GoodMajor
Helios declares a new oil discovery in the Ojinaga Shale at Quinn Creek 141, citing 260 barrels of 39 API oil in 7 days from one frack. Middle bench oil was recovered but a frack is deferred to focus on the lower bench.
9 Aug 2018price query● Neutral
Responding to ASX's 8 August query on a price rise from 8.7c to 10.5c, Helios said it had no undisclosed information to release. It called the Quinn Creek 141 frack results 'very encouraging' and said it would release its analysis of the production testing when complete.
8 Aug 2018listing compliance notice● NeutralMajor
ASX paused trading in Helios shares pending a further announcement. No reason is given in the notice.
31 July 2018quarterly activities report● Neutral
June quarter report recaps Quinn Creek 141: open-hole Buda and Eagle Ford tests found only water, while the fracked Ojinaga (Austin Chalk equivalent) flowed 260 barrels of oil in 7 days. Further up-hole intervals are being tested; the third well site is still to be set from seismic.
19 July 2018flow test result▲ GoodMajor
Quinn Creek 141 flowed 260 barrels of oil (39 degrees API) and 1,345 barrels of fluid over 7 days, with about 35% of frack fluid recovered. Helios moves up hole to test two more intervals at 4,240-4,310 ft and 3,400-3,600 ft.
13 July 2018flow test result▲ GoodMajor
After the frack, Quinn Creek 141 is flowing oil and gas to surface: 85 barrels of oil and 205 barrels of completion fluid in 24 hours, plus 456 mcf per day of gas. Only about 28% of frack fluid is recovered, so testing is early.
13 July 2018price query● Neutral
ASX queried the rise in the share price from 5.6c to 7.8c on heavy volume. Helios replied it knew of no undisclosed information beyond ongoing Quinn Creek 141 testing, released an update, and said it complies with the Listing Rules.
29 June 2018farm in farm out completion● Neutral
The deadline to drill the third Presidio well, needed to earn 70% of the initial 6,400 acres, is extended again from 30 June to 30 September 2018. Total acreage under contract is unchanged at 66,776 acres (46,743 net).
28 June 2018well test result● Neutral
Helios completed the one-stage frack of Quinn Creek 141 at 4,744-4,880 ft, injecting about 200,000 pounds of proppant and 10,000 barrels of fluid. The well is flowing back; no production results are given yet.