Sign up Australia
Proactive Investors - Run By Investors For Investors

Helios well-supported by major shareholders to advance Texas oil and gas strategy

Shares in Helios are 6% softer intra-day at $0.064.
Helios well-supported by major shareholders to advance Texas oil and gas strategy
The company is focused on Texas

Helios Energy Ltd (ASX:HE8) has boosted its cash position by $8.5 million through a placement to sophisticated and professional at $0.064.

Funds will be allocated to continue the company’s leasing of additional acres of oil and gas mineral rights in Presidio County in close proximity to its Presidio Oil Project.

The project is in Texas, U.S.

The placement was supported by the company’s largest and fifth largest shareholders.

View full HE8 profile View Profile

Helios Energy Timeline

Related Articles

onshore drilling operation
October 23 2017
The hotly anticipated Opuama-7 well appears to have been a success and the company is now advancing plans to drill more new wells at the Opuama field
picture of oil field
June 26 2017
“Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”
onshore oil rig silhouette
June 13 2017
At the end of May 496 barrels of oil was collected and sold from the project, meaning Mosman is no longer just an explorer

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use