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Helios Energy Ltd (ASX:HE8)

ALERT: Price-sensitive ASX Announcement for HE8
Current share price for HE8 : $0.002 0 (0%)+
Announcement
Release
31 Jul 2026 6:13PM
Price at Release
$0.002
Full Release
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Summary
The quarterly activities report of Helios Energy Ltd (ASX: HE8) for the period ending 30 June 2026 highlights several financial and operational developments. The company reported a negative net cash flow of $56,000 from operating activities, but raised $1,506,902 through a share placement for working capital. Helios has a significant stake in the Presidio Oil & Gas Project in Texas, where it has successfully tested and produced oil from four wells. The company has installed permanent production facilities at the Presidio site and is also pursuing both conventional and unconventional plays. As of the end of June 2026, Helios holds $1,729,000 in cash, with no additional capital raised from debt conversion agreements during the quarter.
Key Points
  • Net cash from operating activities was negative $56,000 for the quarter.
  • Helios raised $1,506,902 through a placement of shares for working capital.
  • The company holds a significant interest in the Presidio Oil & Gas Project in Texas.
  • Helios has successfully tested and produced oil from 4 wells in the Presidio project.
  • Permanent production facilities have been installed at the Presidio Oil & Gas Project.
  • The company holds $1,729,000 in cash as of June 30, 2026.
  • Helios is exploring both conventional and unconventional plays in the Presidio project.
  • No additional capital was raised from debt conversion agreements during the quarter.
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.