17/5/2019 - Presidio 141#2 has been successfully drilled ... Fracking expected to commence in July 2019. 20/8/2019 - Presidio 141#2 started producing at the rate of 72 barrels of oil per day 26/8/2019 - Presidio 141#2 producing approx 146 barrels of oil per day. 4/9/2019 - Presidio 141#2 producing approx 117 barrels of oil per day. Helios preparing to transit the well to production. 20/12/2019 - Presidio 141#2 - Helios recently initiated a pressure test. 24/3/2020 - Presidio 141#2 - pressure test concluded. To date the well has produced 4,092 barrels of oil. 30/4/2021 - Presidio 141#2 - pressure build up testing continued in the last quarter. No report on barrels of oil. No new acres leased.
I appreciate that COVID 19 must be having an impact but seriously, we are coming up to 2 years since the well was drilled.
I maintain my hope that management are deliberately playing their cards close to their chest, but it would be nice if they could throw us a bone.
HE8 Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
