Whitebark is eager to kick off boots-on-the-ground exploration as soon as possible. It says soil gas detection surveys are slated for May and a 2D seismic in-fill survey is planned for later this year.
A discovery of naturally occurring hydrogen – sometimes referred to as white hydrogen – at Alinya could be a massive fillip for its home state, since the South Australian government has signalled a strong shift towards more sustainable and diversified energy sources, including hydrogen.
Management is no doubt itching to drill to see if this frontier can live up to the hype and if it could be the next globally significant 3H province.
Several years ago, Santos and its joint venture partner Central Petroleum identified several substantial subsalt targets in the Amadeus Basin. The targets were regarded as top-shelf prospects due to their thick and impermeable salt seals, which were considered perfect for trapping sizable gas reservoirs.
When King Energy picked up its similar-looking ground two years ago, it was fortunate enough to acquire all of Santos’ detailed 2D seismic data over the permits.
Alinya’s proximity to South Australia’s Moomba gas hub slashes the cash the company would need to pipe tricky hydrogen and helium molecules to market. If Whitebark strikes white hydrogen, they might just plant themselves – and the state – at the forefront of a next-generation energy source.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
