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Amongst highest Helium purities ever reported at 20% to 25%, extensive regional Hydrogen and Helium play and international first to see initial Helium and Hydrogen concentrations at surface with increasing concentrations and strong indications of high Helium purities
Highlights:
- Hydrogen and Helium concentrations at surface. The Company understands that this has not been achieved before, and would be an international first for a non-petroleum system.
- Helium concentrations in gas at standard conditions extracted from water, with third-party interim laboratory results of up to 20% to 25% purity (50,000 times the concentration in the atmosphere) and which is among the highest reported. Testing is ongoing.
- There is current and historical evidence that confirms the presence of both Natural Hydrogen and Helium in numerous locations across PEL 687 (per Figure 1).
- Initial Stage 2 exploration testing shows very promising and increasing purities of both Natural Hydrogen and Helium being detected at surface as the Ramsay 1 and 2 wells are dewatered. (Refer Figure 2 for Hydrogen in the Ramsay 2 well).
- The acquisition phase of the Ramsay 2D seismic program is completed, and initial results show the data to be suitable for selecting future well locations on a regional basis for the ongoing drilling program.
- In conjunction with our Australian advisors, Gold Hydrogen and Mizuho (a leading global Japanese Bank) have signed a non-binding MOU to establish a framework for the development of their relationship, including the consideration of future advisory assignments and the cooperative promotion of Natural Hydrogen and Helium usage. Mizuho has a number of Japanese energy industry clients with global operations that are interested in a range of issues associated with the discovery, usage and ESG / sustainability benefits of Natural Hydrogen and Helium.