RE: Georgina27 Oct 2022 21:34
buyers/ holders and fellow investors - Keep and eye on this and not just Cinnabar.
This is what the funding was for ahead of Georgina Energy IPO and they will bring their own to start production with support from MSMN- the reserves are huge and there are some quick wins in the basin in AUS.
FYI - The listing of Georgina Energy IPO , there is more (Mosman and Georgina Energy agreed farm'in agreements on AUS EP 155).
The EP 155 Mt Winter Project, in the Northern Amadeus Basin, Northern Territory of Australia is considered by independent consultants to be one of the potentially most valuable Hydrogen, Helium and natural gas prospects in Australia.
The Mt Winter-1 well was drilled to a depth of 2,650m TD. It did not penetrate the subsalt Heavitree Formation Hydrogen, Helium & natural gas reservoir target but reached TD in salt just above it.
With seismically defined closure based on CPR 2U calculations of 3,400 acres, nett attributable Prospective (recoverable)
Resource volumes to the Company of Helium are 111 BCFG, Hydrogen 102 BCFG and natural gas 0.91 TCFG with respective in-situ values of US $38.51 billion, US $0.62 billion and US $2.72 billion.
Georgina Energy has an initial program to complete seismic, and then re-enter and/or side track the existing well to develop the Hydrogen, Helium and natural gas.
Some of the natural gas would be used to power a gas separation plant with all CO2 being permanently sequestered in dedicated solution mined salt caverns providing the capabilities of carbon-neutral “blue” production of all products, ie Hydrogen, Helium natural gas.
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