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Helios Energy Ltd (ASX:HE8)

ALERT: Price-sensitive ASX Announcement for HE8
Current share price for HE8 : $0.002 -0.009 (-85%)+
Announcement
Release
30 Jan 2026 12:06PM
Price at Release
$0.010
Full Release
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Summary
Helios Energy Ltd reported on its quarterly activities for the period ending 31 December 2025, focusing on the Presidio Oil Project in Texas. The company transitioned from exploration to early-stage production by completing its first oil and condensate sales from restarted wells, marking a significant milestone. Helios maintained capital discipline during its restart operations, which included reactivating exploration wells and optimizing production facilities. Financially, the company reported a net cash outflow from operations and had $193k in cash with access to a $500k credit facility. Helios plans to continue similar cash outflows due to ongoing drilling activities, with the capacity to raise capital under existing placement rules to support operations. The company is also in funding discussions to support further project development.
Key Points
  • Helios Energy transitioned to early-stage production at the Presidio Oil Project.
  • First oil and condensate sales completed from restarted wells.
  • Maintained capital discipline with $193k cash and a $500k credit facility.
  • Net cash outflow from operations reported.
  • Ongoing funding discussions for project development.
  • Ability to raise additional capital under existing placement capacities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.