Helios Energy Limited (HLEGF)

Overview

Helios Energy Limited is an onshore oil and gas exploration enterprise actively operating within the United States. The company, originally known as New Horizon Coal Limited, underwent a name change to Helios Energy Limited in April 2010, marking a strategic shift in its business focus. It is primarily engaged in the exploration and development of oil and gas assets, holding a significant 70% working interest in the Presidio Oil project. This project encompasses 4 wells spread over approximately 17,850 gross acres in Presidio County, Texas, showcasing the company's commitment to leveraging its expertise in the exploration sector. Helios Energy Limited is headquartered in Subiaco, Australia, positioning it strategically to manage its operations both locally and internationally.

Products and Services

• Onshore Oil and Gas Exploration:

  Helios Energy Limited specializes in the exploration and development of onshore oil and gas properties in the United States. Its primary activity is focused on identifying and tapping into potential hydrocarbon reserves within its licensed exploration areas. This involves a range of activities from geological surveying, drilling, to the development of wells aimed at extracting oil and gas resources.

• Presidio Oil Project:

  The Presidio Oil project stands as Helios Energy Limited's flagship exploration and development initiative. Holding a 70% working interest, the company is deeply invested in the project, which spans 4 wells across approximately 17,850 gross acres located in Presidio County, Texas. The project represents a significant part of Helios Energy’s portfolio, underscoring its capability and focus on harnessing valuable oil and gas resources.