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Old 05-22-2023, 06:43 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,677
Default ASX:CTP has Gas, Helium and Hydrogen

Central Petroleum Limited (ASX:CTP) has announced resource estimates for three sub-salt exploration wells targeting helium, hydrogen, and natural gas. The wells are scheduled to commence drilling later this year or early 2024.

The resource estimates for the three wells are as follows:

Helium: 44.8 billion cubic feet (bcf)
Naturally-occurring hydrogen: 56.7 bcf
Natural gas: 272 bcf
The exploration program will be operated by Santos, with Central being carried (i.e. funded) by Peak Helium for two of the new sub-salt exploration wells.

Leon Devaney, Central's Managing Director/CEO, said:

"With completion of the Peak farmout, we now look forward to the most significant exploration drilling program ever undertaken by Central in the Amadeus Basin, including the opportunity to test a discovery at Mt Kitty that previously registered 9% helium, and penetration of sub-salt formations for the first time at Dukas and Mahler. Given the size of the prospective and contingent resources at each of these prospects, success could be transformative for Central, both in scale and potential to diversify into helium and hydrogen."

The resource estimates for the three wells are significant and could make CTP a major player in the global helium and hydrogen markets.

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Old 05-22-2023, 06:50 AM
Sparty Sparty is offline
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Posts: 1,677
Default ASX Listed Helium, Hydrogen, Natural Gas comparisons

Comparison of ASX CTP's resource estimates for helium, hydrogen, and natural gas with other Australian helium, hydrogen plays:

Company Helium (bcf) Naturally-occurring hydrogen (bcf) Natural gas (bcf)
ASX CTP 44.8 56.7 272
Archer Exploration 1.2 1.0 10.0
Cooper Energy 0.6 0.2 1.0
Lake Resources 0.3 0.1 0.2
Pilot Energy 0.2 0.1 0.3
Santos 0.1 0.0 0.2

ASX CTP has the largest resource estimates for helium and natural gas of any of the companies listed. The company also has significant resource estimates for naturally-occurring hydrogen. This makes ASX CTP a major player in the global helium and hydrogen markets.

It is important to note that these are just resource estimates and that the actual amount of helium, hydrogen, and natural gas that can be recovered may be less than the estimates. However, the resource estimates for ASX CTP are significant and suggest that the company has the potential to be a major supplier of helium and hydrogen in the future.
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Old 05-22-2023, 06:58 AM
Sparty Sparty is offline
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Posts: 1,677
Default Marketcap:Resource ratio -Helium and Hydrogen

Here is a comparison of the marketcap:resource ratios for the United States, Canada, and Australia:

Country Marketcap (billions USD)Resources (billions cubic feet) Marketcap:Resource Ratio
United States 23.4 1.2 19.5
Canada 1.4 0.6 2.3
Australia 0.7 44.8 63.7

Australia has the highest marketcap:resource ratio, which means that it has the most resources per unit of market capitalization. This is likely due to the fact that Australia has a number of large helium and hydrogen projects in development, such as the ASX CTP project. The above is according to BARD.
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Old 05-22-2023, 07:42 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,677

Helium is the only substance that can maintain its liquid state at near absolute zero and has no triple point. Solid helium can be obtained only under high-pressure conditions (at T<1.0 K, the pressure must be higher than 2500 kPa to obtain solid HeII or higher than 3000 kPa for HeI).

Helium has the lowest melting and boiling points. It exists as a gas, except under extreme conditions. At temperatures near absolute zero, helium is a fluid; most materials are solid when cooled to such low temperatures.

As helium is a non-renewable resource, the Earth is certainly running out of it. Why is the world running out of helium? Helium is the only element on the periodic table which is a non-renewable resource on Earth.

Balloons and blimps: Helium is used to fill balloons and blimps because it is a very light gas.
Cryogenics: Helium is used in cryogenics to cool objects to very low temperatures.
MRI machines: Helium is used in MRI machines to cool the superconducting magnets.
Lasers: Helium is used in lasers to produce light.
Fiber optic cables: Helium is used in fiber optic cables to transmit light.
Weather balloons: Helium is used in weather balloons to lift them into the atmosphere.
Soldering: Helium is used in soldering to remove oxygen from the joint.
Deep sea diving: Helium is used in deep sea diving to prevent the bends.
Gas chromatography: Helium is used in gas chromatography to separate and identify different compounds.
Nuclear fusion: Helium is a product of nuclear fusion, which is a potential source of clean energy.
Helium is a valuable resource that is used in a variety of applications. It is important to conserve helium and to use it wisely.
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