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Helios Energy (HE8) has big ambitions for its Presidio Oil Project in southwest Texas!
July 8, 2025
HE8, Helios Energy
Helios Energy (ASX:HE8)
We spoke to Philipp Kin, CEO of Helios Energy (ASX:HE8), about the company’s ambitions for its Presidio Oil Project in southwest Texas.
HE8 has an 80.5% working interest in this project, which currently covers 7,877.8 leased net acres in the Marfa Sub-Basin of the world-famous Permian Basin.
Between 2017 and 2022, Helios invested A$40m in Presidio, drilling four successful wells and gathering 2D and 3D seismic data. The current management team at Helios Energy was installed in late 2024 and that team believes the company has a rich new oil shale right at its feet.
Check out our in-depth research on HE8 here!
Disclosure: Helios Energy is a research client of Pitt Street Research and our directors hold shares in HE8.
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