Whitebark launches SA hunt for huge | Australian Markets

Whitebark Energy has pressed the beginning button on its high-impact hunt for hydrogen, helium and hydrocarbons, with a soil survey throughout the company’s giant Rickerscote prospect within its Alinya project in South Australia.

After just lately raising $2 million in recent capital to fund exploration, the company will put boots on the ground at the beginning of July to check the monster prospect – the most important of 20 recognized targets in its license space.

The company says its huge Rickerscote prospect – masking up to 400 sq. kilometres of potential closure – is one of Australia’s largest undrilled, seismically outlined sub-salt onshore buildings.

Early estimates level to a blockbuster p50 useful resource of 710 million kilograms of white hydrogen, 97 billion cubic toes of helium and 153M barrels of oil equal.

The depth of the complete construction can be modest in comparison with most standard oil and fuel targets, with the bottom reservoir measuring down to solely 2200 metres, simply above the basement, which kicks in at 2500m.

Adding to the prospect’s credentials, 2D cross-section research have revealed a new, shallower limestone reservoir at Whitebark’s Rickerscote prospect, sitting at about 600m depth. This thrilling discover joins three beforehand recognized sandstone layers, bringing the entire to 4 stacked reservoir targets.

This is an extraordinarily thrilling step in direction of the initial drilling of a project which will doubtlessly ship a useful resource that would help to change Australia’s power panorama. With the potential of giant-size assets in natural ‘white’ hydrogen hydrocarbons and helium, success at Alinya may place Whitebark on the forefront of a new period in clean power and Australia’s power security.

Whitebark has signed with gas-sensing tech company Axiom Sensing and has already paid a deposit to secure in-situ vapour yield or “IVY” sensors, which can be deployed in July. The units will sit tight within the subject for three to 4 weeks to smell out fuel concentrations.

The sensors can be positioned at high emission spots beforehand pinpointed by distant sensing research and lined up with already mapped subsurface prospects, faults and stratigraphic trends.

The survey will then kind the foundations of a more detailed seismic marketing campaign later within the 12 months, utilizing additional 2D infill knowledge earlier than planning begins on refining the best spot to plunge the drill bit.

Whitebark’s pivot into hydrogen and helium exploration has come as world demand surges for cleaner, carbon-free power. Backed by South Australia’s aggressive push for a hydrogen-powered future, the company seems to be positioning itself on the forefront of a booming sector with natural hydrogen discoveries poised to grow to be more and more useful.

Fuelling the strategic shift, Whitebark fast-tracked its entry into the space with the all-scrip bid three months in the past for personal explorer King Energy in a $1.67M deal. The profitable take over is set to close shortly.

King at the moment owns 70 per cent of the Alinya project and has an option to buy the remaining 30 per cent.

With helium in world scarcity and white hydrogen attracting deep-pocketed consideration throughout the globe, Whitebark’s subsequent strikes are prone to be carefully watched.

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