Helios Energy Ltd. provide an update on the status of the upcoming completion of Presidio Well 52 #1. The Frack Job for Presidio Well 52#1 is expected to commence on 10 January 2023, subject to the contracted frack crew completing the progress frack job on schedule. To date, three water storage facilities have been completed and filled with water. Frack tanks along with six sand silos are on site and have also been functionally tested.

The sand silos are currently being filled with frack sand proppant. Helios will execute a four-stage vertical frack across the 1,623 feet interval between the lower bench of the Ojinaga Formation and the bottom of the casing including Eagle Ford and Boquillas. The frack job has been designed to reflect the highly naturally fractured intervals existing within this vertical interval.

A total of 120,000 barrels of frack water will be utilised along with 3,000,000 pounds of frack sand. The four-stage frack intervals will be co-mingled as a vertical completion for production purposes.