Helios Energy Ltd (ASX:HE8)
Helios Energy Ltd is an Australia-based oil and gas exploration company. The Company’s principal activity is the Presidio Oil Project located in Presidio County, Texas, United States. The Company has drilled two vertical wildcat wells into the Presidio Oil Project, including Quinn Creek 141 and Quinn Mesa 113. Its locations are provided by approximately 25 miles unsealed, formed road constructed by the Company. The El Paso Oil Refinery located in El Paso, Texas has a processing capacity of approximately 135,000 barrels of oil per day and is located approximately 170 miles from the Presidio Oil Project. The Presidio Oil Project is located approximately 250 miles from Midland, Texas which is the epicenter of the Permian Basin oil industry. All rigs, supplies and services required for the Presidio Oil Project are sourced from Midland, Texas.