Independent report flags Whitebark as a top hydrogen-helium play
Increasing Subalt Play’s identity information, Rickerscote is based on a proven radioactive granite basement, proven by spending a lot of hydrogen and helium for more than 700 million years.
These granites are also thought to be helium and hydrogen in the Ramsay project of Gold Hydrogen on the Yorke Peninsula of South Australia and in various projects in the Amadeus Basin.
Whitebark Energy Director Richard King said: “Independent estimates confirm our strong belief in the first -class potential of the civil servant basin.
The hydrogen can be the most abundant element in the universe, but rarely found as free gas. This excites Whitebark’s project as the hydrogen emerges as the cornerstone of global clean energy transition.
At the same time, the price of Heliium continues to rise behind tight global materials. Since 2021, it has increased by about 300 percent to a million cubic meters (MCF) to USD $ 300 ($ 460).
Noble gas is vital for everything from MRI machines to the latest electronic and space applications, but it has a major disadvantage, it cannot be produced syntheticly and leaving industrial users desperate for new supply sources.
While RickersCote’s hydrogen and helium potential waves, Whitebark’s opportunities do not stop here. Sproule’s latest report also showed that the civil servant Basin has a potential to hold 1,06 trillion cubic meters of gas and 145 million barrels of oil.
Considering the extraordinary geology of the project, over time, discovery success in the region can position Whitebark as a serious hydrocarbon and green energy producer.
The company plans to rapidly risk the project and approve these early forecasts with a land gas sampling survey that will complete the year.
WHITEBARK already controls 67 percent of the project and maintains its option to increase its own equity to 100 percent, ie it can have full control over this promising asset if early estimates prove.
If Rickerscote presents, beyond the Whitebark’s balance sheet, it can extend to potentially reshaping Australia’s energy view. In addition to built -in hydrocarbons, the project can contribute to national energy safety with hydrogen and helium sources and play a significant role in the country’s movement towards cleaner energy.
Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
