I also got very excited when I saw this announcement……but then I remembered the Presidio 141#2 well. It commenced in April 2019 - 3 years ago. We are still waiting on the results. 3 years! Will we be waiting for 3 years to get results from this well.
I have been hoping beyond hope that the results from Presidio 141#2 are so good that Helios are not telling the market until they acquire more land. No, no more land.
Whatever it happening I just wish Helios would let us know so investors can make informed judgments. If anyone who reads this thinks 3 years is reasonable, please tell me.
And the reason I haven’t sold is because I would take too big a hit. I think this company has massive potential and I am really hoping that in 12 months I will look back on this post and laugh surrounded by piles of cash!
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