HE8 0.00% 1.4¢ helios energy ltd

Ann: Presidio 141 No.2 Well Update, page-6

  1. 468 Posts.
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    All seems positive.

    They have done a big seismic package, and compared to other data on the land they have.
    Seems to show oil under all of it (is the expectation).

    The size of this play looks to have increased by 50%.

    Its still flowing Oil out of the well.
    they are waiting to see how long that goes for before putting the production pump on it.

    Wait and see for the next well.
    I would suppose they are looking at the best place for it.
 
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