I think a key difference here is the position in the Permian basin. The Delaware and Midland basin, which have a history of significant production, is very different to the Marfa basin which from what I can see has had negligible production.
whilst oil has been discovered in the Marfa basin, very little gas gone into production.
I guess that is where the opportunity lies for Helios, if they can prove the oil is economic to produce.
Ovintiv acquires EnCap oil and gas assets in Permian basin for $4.3 billion, page-5
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Mkt cap ! $31.24M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 205965 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 111111 | 1 |
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| Last trade - 16.12pm 13/11/2024 (20 minute delay) ? |
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