"Greenvale's helium, natural hydrogen play a springboard for growth."-The Australian , 18 Oct 2023
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"Importantly, preliminary technical analysis has indicated the tenement hosts favourable geology for helium production, with similar characteristics to other producing helium wells in the Amadeus Basin. Helium is a rare, high value gas used in semiconducter manufacturing ,
nuclear energy production , solar panels, optic fibre & the cooling of semiconducting magnets for MRI scanning machines and more.
Natural gas $16.84 & $17.93 per gigajoule in Eastern Australia during 2022-23 financial yr ---current US short term contract helium $US 450
and US$3,000 Mcf. Seizing the opportunity: Greenvale Energy-EP 145.
Importantly, EP 145 permit has an EXISTING HIGH QUALITY PROSPECTIVE RESOURCE ESTIMATE IN PLACE -440 Bcf of total gas.
Agreement to test for helium, hydrogen & hydrocarbon potential in the Amadeus Basin, which is known to host some of the highest concentrations of helium globally as well as confirmed accumulation of hydrogen, CEO Mark Turner said.
EP 145 sits within recognised PLAY FAIRWAYS for helium and hydrogen & contains proven hydrocarbon DISCOVERIES. IS ON TREND with the producing MEREENIE OIL AND GAS FIELD."
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