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Investor Presentaiton

OFFICIAL Why South Australia? Zgonnik (2020) First drew attention to natural hydrogen indications in Australia N V. Zgonnik A Amadeus basin Perth Ο Adelaide Esperance 0 500 1000 km 20 km Earth-Science Reviews 203 (2020) 103140 1. DEM's online records revealed significant hydrogen contents from Government analyses of gas samples taken from three historic drillholes (Zgonnik 2020): 1915 Robe 1 (25.4% hydrogen) - 1921 - American Beach Oil 1 (64.4-80% hydrogen) 1931 - Ramsay Oil Bore 1 (51.3-84% hydrogen) 2. Salt lakes on Yorke Peninsula and Kangaroo Island were postulated to be ‘fairy circles' caused by hydrogen seeps (e.g. Moretti et al., 2021). 3. Natural hydrogen exploration become possible in in SA in February 2021 when changes to the Petroleum and Geothermal Energy Regulations 2013 added hydrogen as a 'regulated substance'. joining petroleum, CO2, H2S, He, N and substances produced with petroleum. Moretti et al. (March 2021) drew attention to potential 'fairy circles' - Figure 5. Location of the areas with many circular depressions in Australia (red areas). The yel- low stars are the location of the wells that found H2, the yellow circles highlight the areas where depressions that look like fairy circles can be observed and where statistic has been done in this study.
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