Ann: Compressed Hydrogen Shipping Memorandum of Understanding, page-19

• GEV will undertake a feasibility study to evaluate the technical and commercial feasibility of
exporting green hydrogen from the HyEnergy Project. The scope includes transmission from
the onshore hydrogen gas production facility to an offshore ship loading buoy and then on
to nominated Asia-Pacific markets utilising GEV’s compressed hydrogen shipping solution.
• The purpose of the Study is to provide the HyEnergy project partners with sufficient
confidence to warrant the selection of compressed hydrogen as the preferred export
method in the next phase of project engineering.
• GEV will undertake the study at its own cost.
• The collaboration is on a non-exclusive basis.

This is very positive and is price sensitive because it adds value to the feasibility study at no cost to PRL...
"GEV will undertake the study at its own cost".
It is also "non-exclusive" leaving open all collaboration opportunities to PRL.

This is positive news - although we are still a long way from actually producing green hydrogen, it is a step along the way.

IMHO this is good news and is price sensitive because it increases our chances of a positive outcome for the feasibility study.