PeteMac stay calm - read this24 Nov 2025 07:47
You know we recently talked about the possibility of Darwin (Santos/ENI east site) and the only currently operational but idle Helium plant at the same location LINDE/BOC.
We did not need to, there was a follow up to the 23rd October Halo and Penspen announcement on 29th October, IT'S ALREADY PLANNED.......😲🤑
Halo Capital and Penspen partner to advance landmark helium and hydrogen projects in Australia
Halo Capital has partnered with global engineering consultancy Penspen to accelerate the development of two of Australia’s most significant energy redevelopment projects – Hussar and Mt Winter – unlocking vast helium and hydrogen reserves critical to global supply chains and the transition to cleaner energy.
Penspen has signed a Memorandum of Understanding for engineering and project management expertise across the full development cycle, from feasibility studies to commissioning, ensuring the projects meet the highest technical and regulatory standards. In August 2025, Australian exploration company Georgina Energy Plc granted London-based Halo Capital a 12-month nonexclusive option to acquire the rights to 100 percent of helium, hydrogen and natural gas produced from its two large-scale gas redevelopments. Together, with the expertise of Penspen, the companies aim to position Australia as a leading supplier of helium, hydrogen and hydrocarbons for Asia Pacific and beyond.
Hussar, located in Western Australia’s Officer Basin, and Mt Winter in the Amadeus Basin, Northern Territory, are recognised as prospects of significant national importance. With proven reserves and fresh drilling applications underway, both sites have the potential to deliver significant volumes of helium and hydrogen – gases central to medical technology, industrial processes and the decarbonisation of global energy systems.
Development of Critical Infrastructure
Upon securing funding, Halo Capital will be responsible for the delivery of processing facilities, including separation units for helium, hydrogen and cryogenic purification systems. Once operational, they will be solely responsible for storage, transport, export, TRUCKING HELIUM TO DARWIN, and converting ammonia to hydrogen. The agreement will enable Westmarket Oil & Gas, Georgina Energy’s wholly owned Australian subsidiary, to sell gas at the wellhead in its raw state, subject to a formal contract on commercial terms.