Ann: PH2 to acquire Stake in Hydrogen Fuel Cell Company H2X, page-15

This was taken from RLE's last Annual Shareholders Report 11/2020 before becoming PH2:" Crystallising the value of WindorahSince the Company’s listing on the ASX, our focus has beenon the growth and development of the Windorah gas field inQueensland’s Cooper Basin and over the years we have investedconsiderably to prove up this large Basin Centred gas play. InAugust 2019, we were pleased to report a material upgrade ofthe field’s 3C Contingent Gas Resources to approximately770 Billion Cubic Feet (BCF) following the drilling, stimulationand testing of the Tamarama 2 and 3 wells. The ContingentGas Resources of the Tamarama area have been independentlycertified by Aeon Petroleum Consultants, a respected UnitedStates-based petroleum engineering firm.The upgraded estimates of Contingent Gas Resources are basedon the area surrounding the four successful gas wells we havedrilled, Queenscliff 1 and Tamarama 1, 2 & 3, located within ourexploration permit ATP927P and it demonstrates categorically thatour investment in the field has indeed created significant value.ATP927P is located among well-established gas fields and it isrelatively easy to tie into nearby pipelines and gas processingfacilities. However, whilst many of our wells have producedsolid flow rates, it is clear that further well stimulation is neededso these rates are sustainable. As such, our focus throughoutthe year has been to de-risk the asset by attracting potentialfarm-in partners that can fund a more aggressive drilling andfield development program."So IMO the project is on hold and still in play ... I think they will review it again once PH2 becomes more cash flow positive .... also there may also be enough gas there to do Hydrogen production once the Synergen Met process / module is/has been proven.