HELIOS ENERGY LTD — Capital/Financing Update 2018

Jun 27, 2018

Helios Energy Ltd

Date: 28 June 2018

Completion of Frack - Quinn Creek 141

ASX Code: HE8

Helios Energy Ltd (ASX Code: HE8 and HE8OA) ( Helios or Company ) is pleased to report that it has successfully undertaken a one stage vertical frack of the Austin Chalk age equivalent section in the Quinn Creek 141 well at a depth of between 4,744 and 4,880 feet.

The frack successfully injected approximately 200,000 pounds of proppant and approximately 10,000 barrels of completion fluid. The well is currently flowing back. Underneath is a photo of the frack team and its equipment prior to the commencement of the frack.

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Photo: Quinn Creek 141 Well Location (Looking due east).

Directors

Hui Ye Non-Executive Chairman Richard He Managing Director Robert Bearden Non-Executive Director Nicholas Ong Non-Executive Director Gary Steinepreis Non-Executive Director and Company Secretary

Contact Details

Australian Office

Level 3, 18 Richardson Street West Perth WA 6005 Australia PO Box 1485 West Perth WA Australia 6872

Tel +61 1300 291 195 Fax +61 8 6298 6191

USA Office

2 Riverway, 17[th] Floor Suite 1710, Houston Texas USA 77056

Tel +1 713 333 3613 Fax +1 713 583 0965

www.heliosenergyltd.com

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Helios Energy Ltd Date: 28 June 2018

For further information, please contact:

Richard He Managing Director

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