NEW OIL DISCOVERY New Oil Discovery - Presidio Oil Project...

NEW OIL DISCOVERY New Oil Discovery - Presidio Oil Project (onshore Texas, USA) ■ Helios is a 100% pure play Texas, USA oil and gas company ■ Helios raised $18m and listed on ASX in August 2017 at 2 cents per share ■ Drilled 2 vertical wildcat wells: Quinn Creek 141 and Quinn Mesa 113 (2 miles apart) ■ New Oil Discovery in the Ojinaga Shale Formation ■ In June 2018, Helios successfully completed a one stage frack in the Quinn Creek 141 well to test the lower Ojinaga Formation (at 4,800 feet depth) ■ Well flowed 260 barrels of oil and 1,345 barrels of completion fluid in 168 hours. The oil produced is good quality, mature, 39 degrees API gravity light oil similar in composition to Eagle Ford Shale oils. Gas was also produced at 456 mcf per day on a 34/64ths of one inch choke The observations to date evidence a new oil discovery ■ Very encouraging oil and gas production from a single stage frack 260 barrels per week x 52 = 13000 barrels per year x US $75 p/b ... we got gas Quinn creek / Quinn Mess 2 MILES APART ... things that make you go ... I want more HE8 ... as this is a degustation menu and there are loads of courses after the 1st taste ...