RE: Top up12 May 2026 13:47
‘Hussar is considered by independent consultants to be one of the most potentially lucrative resource basins in the Asia Pacific region’, with unrisked 2U Prospective (Recoverable) Resources of some 155 BCFG (155 million MCF) of helium, approximately 173 BCFG (173 million MCF) of hydrogen, and around 1.75 TCFGE (Trillion Cubic Feet Equivalent) of hydrocarbons.
A scoping study by independent consultants , confirming the commercial viability for the development of a gas field at Hussar producing liquid helium, hydrogen, liquid natural gas (LNG) and argon.
The study’s economic assessment, based on a raw gas wellhead delivery price of US$2.0/Mcf and assuming a 20-year project life, estimated the field’s offtake separation plant could generate gross annual revenue of $470.8m, with a Net Present Value (NPV) of $1.64bn and Internal Rate of Return (IRR) of 27.3pc. Capital expenditure was estimated at $1.13bn (for a 40 MMscf/day separation plant) including a 10pc discount rate. Significant upside could be achieved if helium prices exceeded than $700/Mcf, which would facilitate an IRR of more than 35pc at $900/Mcf. Based on potential total field flow rates of between 10 to 60 MMCFGD, and sale prices for raw wellhead gas ranging from $4-10/Mcf, the study estimates potential net pre-tax profits of between $20,000 to $570,000 per day, equivalent to $7.3m to $208m per year.