Key takeaways from Alan Kohler interview.
Company has $9.4 Million cash, enough to last the Company for 18 month.
Company has low overheads.
Hydrogen to be key mainstay of the Company moving forward.
Hydrogen Industry is in it's infancy currently.
3 CSG projects:
1/ Venus project - Surat Basin Qld - Surrounded by CSG majors like Santos, Arrow Energy and Shell.
694 petrajoules currently with gaseous coals right through the tenement.
Strategy is to upgrade the reserves, then review how to best unlock value for shareholders.
Well was drilled in 2020. Flow testing and dewatering coals underway.
2/ Cooper Basin SA - oIL + gas onshore basin, located adjacent to Santos + Beach Energy.
Agreement in place to share infrastructure with Santos + Beach,
Aim is to apply for PCA retention licence. Massive resource.
3/ Botswana - JV with Botsgas. Company reducing to 49%, free carried for drilling campaign.
Project to kick off in May 2021, aim to upgrade resource from 2.3 TCF. Delays due to Covid19.
Gas prices extremely high in Botswana US$10 gigajoule.
Power stations want more gas.
Wildfire Energy project - Small scale.
Using waste to produce Hydrogen.
Great for supplying Hydrogen to local area ( Brisbane).
Liberty Hydrogen JV - 4 projects.
Targeting lucrative Japanese market for Hydrogen.
Japanese market already much more advanced for Hydrogen hence the demand already.
Manufacturing Green Hydrogen for export to Asia.
Converting water to Hydrogen by electrolysis (Solar power)
Very strong demand both locally and internationally.
Demand over next 5yrs to exceed supply of Hydrogen.
Trucks and Buses perfect to run on Hydrogen.
Company is looking Government subsidies.
Indicated Company has already applied for 2 Government subsidies.
Company is potential candidate for Federal Government grants.
Retail price of Hydrogen gas is currently around $15 to $17 /kg.
Federal Government goal is to get wholesale price down under $2 /kg to be cost effective.
Hydrogen likely to replace all diesel fuel use eventually ( trucks & Buses etc).
Good for Australia, reduces our need for imports etc.
Company focus:
Getting all projects to approval stage - within 12 months.
Looking for more JV partners.
Many big Companies wanting to invest in Green Hydrogen production in Australia.
Synergen Project - Located at Venus CSG project Qld.
Dissolving CSG to produce graphene nanotubes + Hydrogen gas.
Technology for Hydrogen gas production progressing rapidly.
Looking for the most efficient and lowest cost method.
Add to My Watchlist
What is My Watchlist?
