Helios Energy Limited (ASX:HE8) is an oil and gas exploration company focused primarily on assets in Texas, the United States.
The company was founded by Neville Henry and Peter Allchurch, who were intimately involved in building Aurora Oil & Gas before its US$2.4 billion sale to Canada’s Baytex in 2014. In June 2018, Helios successfully completed a one-stage frack at the Presidio project, south-west Texas, which confirmed a new oil discovery in the Ojinaga Shale Formation and has given the founders confidence that Helios could grow to be bigger than Aurora.
The company has been actively leasing in the Presidio area and now has a 70 percent working interest in 66,776 gross acres. It also owns a 100 percent working interest in the Trinity project, 100 miles north-east of Houston. Considered a north-eastward extension of the well documented South Texas Eagle Ford trend, the Trinity project site comprises 3,118 net acres of oil and gas leases.
Helios boasts other highly experienced oil and gas executives on its board including managing director Richard He, who worked with Henry to develop the Halliday oil field in Texas that sold to Halcon Resources for $520 million, and non-executive director Robert Bearden, who previously headed up ASX-listed Sino Gas and Energy.
Board and Management
Hui Ye is the Chairman and President of Beijing Chunhui Yuan Group, which is a large private company with extensive interests in real estate, hotels, natural resources, education and entertainment. He was a graduate of Shenzen University in 1988. Through Notable Pioneer Limited he holds the largest shareholding in Helios Energy Limited.
Richard He is an entrepreneur and venture capitalist in natural resources with a particular focus on oil and gas.
He was an investment banker and venture capitalist based in Shanghai and Beijing for more than 12 years, with a capital markets practice and investment focus on Chinese equities listed on the major Chinese stock exchanges.
Over the past 12 years, he has been based in Houston, Texas and has invested in and managed exploration and production shale plays in Texas, USA. He is noted for his successful development of the Halliday Oil Field in the Woodbine tight sands play located in East Texas in which he was a joint venture participant. After drilling 14 successful fracked horizontal wells, the joint venture participants sold the Halliday Oil Field to Halcon Resources for US$520 million.
Robert Bearden has more than 25 years of senior management experience in oil and gas exploration, development and production throughout the Gulf of Mexico, Kazakhstan, Indonesia, China, Iraq and West Africa.
He was previously the President and CEO of the ASX-listed public company Sino Gas & Energy Holdings (ASX:SEH) which under his leadership reached a market capitalization of $375 million.
Prior to that role, he was the Operations Director for Addax (a Sinopec subsidiary) and the Production Excellence Manager for the Americas for Hess Corporation. He began his oil and gas career with Chevron where he worked for 27 years, and held positions including Managing Director Mid-Africa, Sr. Vice President EuroAsia, General Manager Tengizchevroil, and Operations Manager for the Gulf of Mexico.
Robert has a Bachelor of Engineering degree from Texas A&M and a Master of Petroleum Engineering degree from Tulane University. He also holds a MBA from Purdue University and an International Masters in Management from ESCAP-EAP, Paris. Mr Bearden lives in Texas, the United States, and he is a petroleum engineer by profession.
Nicholas Ong spent seven years as a Principal Advisor at the ASX overseeing the listings of more than a hundred public companies. He has since worked as a company secretary and director to listed companies and has developed a wide network of private client advisers, high net worth individuals and sovereign fund managers.
John J Palermo
John Palermo is a Chartered Accountant with more than 20 years experience in Public Practice. His areas of expertise are in corporate advisory, strategic business management and business structuring.
Currently a Director of Palermo Chartered Accountants, he has experience in public company accounting and administration. John is a Director of Chartered Accountants Australia and New Zealand, Deputy Chairman of the Royal Perth Hospital Medical Research Foundation and a member of the Executive of the National Trust of Western Australia.
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