Global Oil and Gas Logo

EP127 Soil Survey Identifies Strong Helium Values

Global Oil & Gas (ASX:GLV) is pleased to announce positive results from the near surface, helium soil gas sampling program (“soil suvery”) at pre-determined sites located within EP127.


Highlights

  • Maiden soil survey across 49 sample sites identified a consistent helium gas value with elevated values, up to twice background, being recorded in the north east of the study area
  • Subsurface seismic mapping shows NW to SE trending faults, near the MacIntyre wells, within the sampling area that are potential migration paths for helium to the surface
  • Findings indicated an active helium system is present within the study area

The results of this study show regions of helium detected at up to double background levels, these regions also correlate with the known geology of the region, with the existence of a potential source and migration pathways. These findings indicate an active helium system is present within the study area.

The field work was conducted late 2021. The survey consisted of soil gas sampling being undertaken at forty-nine sample sites in EP127, this data was then cross- referenced and analysed in respect of the satellite spectroscopy and the subsurface geology data.

A consistent background helium gas value was established from soil samples. Elevated values, up to twice background, were recorded in the north east of the study area. The field results concur with the sentinel-2 satellite spectroscopy, showing an elevated level of helium on the surface in the same part of the study area, as shown on Figure 1 below.

Click here for the full ASX Release

This article includes content from Global Oil & Gas, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GLV:AU
The Conversation (0)
Charbone Hydrogene renforce ses capacites d'exploitation et de developpement de marche alors que l'entreprise identifie de nouveaux objectifs pour ses plans d'expansion de l'hydrogene vert en Amerique du Nord d'ici 2025

Charbone Hydrogene renforce ses capacites d'exploitation et de developpement de marche alors que l'entreprise identifie de nouveaux objectifs pour ses plans d'expansion de l'hydrogene vert en Amerique du Nord d'ici 2025

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec), le 11 juillet 2024 TheNewswire CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureuse de fournir une mise à jour sur ses efforts d'expansion du marché nord-américain d'ici 2025 alors que la société accueille un nouveau membre de l'équipe des opérations.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Adds Operations and Market Development Bench Strength as Company Identifies New Targets for 2025 North American Green Hydrogen Expansion Plans

CHARBONE Hydrogen Adds Operations and Market Development Bench Strength as Company Identifies New Targets for 2025 North American Green Hydrogen Expansion Plans

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - July 11, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to provide an update on its 2025 North American market expansion efforts as the Company onboards a new Operations team member.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Oil rig with stock charts overlayed.

ASX Oil and Gas Stocks: 5 Biggest Companies in 2024

Oil and natural gas stocks on the ASX could benefit from the commodities' price movements, as experts are calling for continued price volatility in the global oil and gas market in 2024.

According to the Australia Institute for Petroleum, crude oil is purchased using US dollars, making it important to track oil's price movements in the currency. This also means investors should keep an eye on the exchange rate for USD to Australian dollars.

Thanks to factors including Saudi Arabia's voluntary oil production cuts and a drop in US commercial crude oil inventories, WTI crude prices rose to US$91 per barrel this past September. However, concerns over worldwide oil demand growth and rising global inventories pushed prices down to a low of US$69 in December.

In the first half of 2024, oil prices were riding an uptrend spurred on by rising tensions in the Middle East amid tightening supplies. Peaking at a high of US$86 in early April, demand side challenges once again weighed down crude oil prices to US$73 per barrel in early June.

As Trading Economics reports, crude oil prices are on the rise in late June as the odds of a wider regional conflict threatens the breakout around the Israel-Hamas war in the Middle East. WTI crude is up over US$80 per barrel as of June 28, for a 15 percent gain for the first half of the year. This is welcome news to Australian oil companies.

Keep reading...Show less
Condor Energy

Field Work on Main Reservoir Targets in Peruvian TEA Completed

Condor Energy Ltd (ASX: CND) (Condor or the Company) is pleased to report progress in the work being done at the Technical Evaluation Agreement (Tumbes TEA) offshore Peru. Condor in partnership with Jaguar Exploration Inc (Jaguar) has undertaken geological field work in order to assist in the interpretation of the legacy seismic and well data already gathered on the Tumbes TEA.

Keep reading...Show less
Gas stove and world map.

Top 10 Countries for Natural Gas Production (Updated 2024)

Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this industry, it's key to know the ins and outs of natural gas production by country.

Global natural gas production contracted slightly in 2023, slipping from 4.09 trillion cubic meters in 2022 to 4.08 trillion cubic meters in 2023, according to data from Statista.

While the United States registered a 4 percent uptick in natural gas production in 2023, Russia’s natural gas production fell by 16 percent during the period on lower exports to Europe.

Keep reading...Show less

Latest Press Releases

Related News

×