25 Nov 2021

Update - Seismic Agreement with Chevron

Helios Energy Ltd ASX Code: HE8 Directors Hui Ye Non - Executive Chairman Richard He Managing Director Robert Bearden Non - Executive Director Nicholas Ong Non - Executive Director John Palermo Company Secretary Contact Details Australian Office Level 3, 18 Richardson Street West Perth WA 6005 Australia PO Box 1485 West Perth WA Australia 6872 Tel +61 1300 291 195 Fax +61 8 6298 6191 USA Office 3 Riverway, 17 th Floor Suite 17 5 0, Houston Texas USA 77056 Tel +1 713 333 3613 Fax +1 713 583 0965 www.heliosenergyltd.com 25 November 2021 20182018 ust 2018 Update - Seismic Agreement with Chevron Presidio Oil Project – 4 th Well As announced on Monday 23 November Helios Energy Ltd (ASX Codes: HE8, HE8OA) ( Helios or Company ) has concluded an agreement with oil major Chevron regarding the acquisition of new seismic in Presidio County over oil and gas acreage owned by Chevron in south - west Presidio County, Texas ( Agreement ) . Helios, at its sole cost, which H elios expects will be no more than US$ 3 00,000, will undertake t he works required to acquire the seismic and under the terms of the A greement the seismic data will be shared with Chevron. The A greement covers an area of 20 square miles (12,800 acres) in south - west Presidio County, Texas, USA. The term of the Agreement ends on the earlier of (a) the completion of Helios’ seismic works on Chevron’s oil and gas acreage; (b) written notice from Chevron to Helios of termination; or (c) 6 June 2023. Richard He Managing Director
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2022 Listcorp. ABN 60 166 140 307

Never miss news from Helios Energy Limited (ASX:HE8) when you join Listcorp.