However, how does this justify the current market capitalization of Helios? They have a limited amount of cash reserves. After more than 5 years, they are currently focused on a single oil well. Even if this well performs optimally, it still does not substantiate the current valuation of Helios. How can the stock price appreciate even after the module is operational, considering Helios today is essentially just a single exploratory well in a remote location?
I am also unclear about the company's mid to long-term strategy. Why is there a lack of substantial updates for shareholders? The last comprehensive presentation was published so long ago that I cannot even recall the date
Exciting Developments at Helios Energy Ltd's Presidio Oil & Gas Project, page-4
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| No. | Vol. | Price($) |
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