HE8 6.90% 2.7¢ helios energy ltd

Ann: Flowback Update on Presidio 52 No.1 Well, page-16

  1. 653 Posts.
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    or partner investment or even debt as the wells are cheap and the gas alone would pay them off quite quickly based on those last reported numbers without using any oil revenue and after 5 or 6 wells they will fund any new drilling program...might even receive funding from offtake partner given the energy problem in California and gas price ( see below comparison below henry hub pricing ) we are not far away and from South California

    henry hub gas prices

    https://hotcopper.com.au/data/attachments/5364/5364093-14d054cd5ba791d63132285d4c299fde.jpg


    https://hotcopper.com.au/data/attachments/5364/5364100-096f374c865eb33ba42f875b41fd2078.jpg
    California natural gas prices

    https://hotcopper.com.au/data/attachments/5364/5364094-d429a1b95b007f2e22c6dea90226a74e.jpg

 
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