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Whitebark Energy Ltd ( (AU:WBE) ) has provided an announcement.
Whitebark Energy Limited has announced that an independent review by Sproule ERCE has confirmed the significant hydrogen and helium potential of the Rickerscote Prospect in the Officer Basin, South Australia. The review estimates prospective resources of 1.2 billion kg of hydrogen and 209 Bcf of helium, with a geological chance of success between 7% and 17%. The successful development of this prospect could establish the Officer Basin as a world-class hydrogen and helium province, significantly impacting Whitebark’s operations and positioning in the energy sector.
More about Whitebark Energy Ltd
Whitebark Energy Limited (ASX:WBE) is a company involved in the exploration and potential development of hydrogen and helium resources. The company is focused on the Officer Basin in South Australia, where it aims to capitalize on the natural hydrogen and helium potential of the region.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.8M
For a thorough assessment of WBE stock, go to TipRanks’ Stock Analysis page.