RE: RNS - Another $60-80bn resourceToday 07:41
· Mt Winter is 70 kms west of the Mereenie Oil & Gas field which has been in production since 1984 and has produced over 16 million barrels of Oil, and 250 BCF of gas to date. Current annual production is 12 BCFG and 115,000 barrels of oil.
· Mt Winter has Prospective Recoverable Resources at 2U/P50 of 283 BCF Helium, 214 BCF Hydrogen and 1,734 BCF Hydrocarbon Gas.
· The Mt Winter prospect has an aerial closure exceeding 3,200 acres with exceptionally thick combined total targeted Heavitree and fractured basement reservoir sections.
· The Amadeus Basin has demonstrated significant Helium, Hydrogen and Hydrocarbon flows with up to 9% Helium, 11.5% Hydrogen, and 40% hydrocarbon gas in the same subsalt reservoir section as targeted at Mt Winter.