Helios raises $11.4M for Texas plans

US shale patch player Helios Energy has raised $11.44 million from sophisticated investors to pursue further acreage buys at its Presido oil project in Texas. 

Helios raises $11.4M for Texas plans Helios raises $11.4M for Texas plans Helios raises $11.4M for Texas plans Helios raises $11.4M for Texas plans Helios raises $11.4M for Texas plans

Helios' Quinn Creek

It has issued 95.3 million shares at a price of 12c, to be settled by March 3, a discount to today's 17.5c but higher than the 8.2cps it was worth at the worst of the oil price crash.

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