D3 Energy finds natural hydrogen prospect

PEL121 and the adjoining PEL122 together cover 5,865km2 in the Arckaringa Basin of South Australia, near the Olympic Dam uranium deposit. To date, two prospects (Hydrohelix and Cootanoorina) and nine leads have been identified across PEL121 on available seismic data.

The certification of a maiden Prospective Resource at Hydrohelix and Cootanoorina in both the Heavitree Sandstone and Fractured Basement further validates the helium and hydrogen system identified across PEL121 and adds to the scale of D3 Energy's broader South Australian resource position ahead of further work to mature the remaining leads identified across PEL121 and PEL122.

D3 Energy’s Managing Director and CEO, Mr David Casey, commented: "The certification of a maiden Prospective Resource at Hydrohelix and Cootanoorina is another significant milestone for D3 Energy and further confirmation of the potential we see across our PEL121 permit in South Australia.

Both prospects sit within a system directly analogous to the Mt Kitty-1 well, which recorded helium concentrations of up to 9% and hydrogen concentrations of up to 11.5%, and have been matured on seismic data that maps the same combination of deep basement faulting, a high-quality Heavitree Sandstone reservoir and a regional evaporite seal that underpins the broader PEL121 and PEL122 acreage.

Together with our existing helium and methane reserves and resources in the Free State of South Africa, this result gives D3 Energy a genuinely diversified, multi-country exposure to critical gases at a time when global demand for these gases continues to grow while supply is significantly impacted by events in the Middle East.”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/16072026/d3-energy-finds-natural-hydrogen-prospect/