Helios Energy (ASX:HE8) engaged petroleum engineering consultancy WD Von Gonten Engineering to provide advanced technical services for its Presidio project in Texas, according to a Monday filing with the Australian bourse.
WD Von Gonten will conduct advanced geological analysis, hydraulic fracture modeling, and technical evaluations to inform the company's development strategy, the filing said.
Helios Energy shares fell more than 6% in afternoon trade Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.