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Helios Energy Validates Major Hydrocarbon Resources at Presidio Project
7:03pm on Monday 2nd of June, 2025 AEST
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Energy
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Helios Energy Validates Major Hydrocarbon Resources at Presidio Project
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Independent report confirms 5-8 million barrels oil and 36-57 Bcf gas contingent resources (net 75% NRI)
Presidio Project’s Ojinaga formation analogous to prolific Austin Chalk in East Texas
Maximum recoverable resources estimated up to 57 million barrels oil and 495 Bcf gas (net 75% NRI)
Four wells drilled with multi-stage fracs demonstrate producibility across multiple formations
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