HELIOS ENERGY LTD — Capital/Financing Update 2017

Aug 8, 2017

HeliosEnergyL td ABN 61 143 932 110 L evel1,33 O rdS treet W estP erthW A 6005Australia

---

S tatementofcommitments

T hetablebelow setsouttheintendedapplicationoftheproformacashreservesoftheCompany andfundsraisedundertheEntitlementO fferandS hortfallO ffer.

Fundsraisedandproforma
T otalfundsraisedunderEntitlementO fferandS hortfallO ffer	$18,011,858
FundsspentinJunequarter–completionofacquisition,operatingcostsleasingcostsanddrillingofw ells,expensesofacquisitionandw orkingcapital	$(4,746,000)
Expensesassociatedw iththeAcquisitions	($1,625,522)
P roformabalancesheetamountat30 June2017	$11,640,336
Allocation oftotalfundsraised underEntitlementO fferandS hortfallO ffer	T otal	P ercentageofFunds(%)
CompletionoftheacquisitionoftheT rinityO ilP rojectandtheP residioO ilP roject,includingreimbursementofincurredprojectcosts	$1,986,301	11.03%
O peratingcosts,leasingcostsandcostsforthedrillingofthew ellsontheT rinityL easesandP residioL eases	$11,946,855	66.33%
Expensesassociatedw iththeAcquisitions	$1,625,522	9.02%
W orkingcapitalandgeneraladministration1	$2,453,180	13.62%
T O T AL	$18,011,858	100.00%

N otes

1. W orkingcapitalincludesthegeneralcostsassociatedw iththemanagementandoperation ofthebusinessincludingadministration expenses,salaries,Directors’fees,rentand other associatedcosts.