Hydrogen

  • Hydrogen in a key resource in the move towards decarbonization as countries across the globe look to reduce carbon output
  • Most Hydrogen output historically has been a result of fossil fuels whereas now Hydrogen has become a green resource itself 
  • The National Gas Infrastructure Plan: Interim Report released in 2021, identifies the priority infrastructure developments required to alleviate forecast southern gas supply shortfalls in the near-term
  • R&D on creating affordable Hydrogen batteries is closer than ever

Hydrogen Potential

  • The Company, its consultants and its CPR have evaluated the potential of (EP155 & the Hussar EP513) acreage to contain the required elements to yield significant Hydrogen accumulations.
  • The recent Dukas 1 well drilled by Santos in the Amadeus penetrated very close to the subsalt Heavitree Formation and high concentrations of “inert gases” (Helium and Hydrogen) have been reported. No flow test has been completed as yet due to high overpressure. Notably, 11% Hydrogen was reported in the flow testing of Mt Kitty. (ASX:CTP Announcement 8th May, 2014).
  • Hussar Project Officer Basin: The CPR has quoted 2U Prospective (recoverable) Resources nett attributable to the Company of 173 BCFG and at 3U, 2.5 TCFG.
  • EP155 Project Amadeus Basin: The CPR has quoted nett attributable Prospective Resources at 2U of 102 BCFG & and 3U, 0.54 TCFG.
  • The vast areas managed by Georgina coupled with the spectacular concentrations of Hydrogen where tested means that there is a quite reasonable chance of exploiting significant Hydrogen resources. In terms of the greater acreage potentially available to them such potential resources are almost “limitless”.
  • Due to the remarkable uniformity of the Centralian salt sealing formations, the Gillen Member of the Amadeus Basin and its Officer Basin equivalent, the Browne Formation salt seal overlying the basal clastics of the Heavitree and Townsend reservoirs respectively in turn overlying the Helium & Hydrogen producing basement substrates in the both the Officer and Amadeus Basins, it is easy to draw the conclusion that wherever Helium appears to be a viable target that relatively high concentrations of Hydrogen may well be found.

The relevance of Hydrogen

Demand is anticipated to increase significantly

  • Strong growth will occur in the EV, technology & research applications.
  • Power Generation as a low emissions alternative.
  • Hydrogen applications will grow as dependence on coal and fossil fuels diminish.

The expensive cost of producing green hydrogen will slow development

  • Supply from natural resources will provide a reliable supply.
  • Natural gas pipelines can be adapted to transport Hydrogen.
  • Applications of Hydrogen is expected to increase significantly by 2050.

Hydrogen is the most abundant element in the Universe

  • The current cost of artificial production exceeds $8.81 per kilo.
  • According to an ICCT study, emissions-free hydrogen production is key.
  • Naturally recovered hydrogen costs are estimated to be $0.30 cents per kilo.
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