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- Global Oil and Gas (GLV) completes an infield hydrogen and helium survey at its wholly-owned EP-127 site
- EP-127 is located in the Northern Territory’s Southern Georgina Basin
- Initial readings from the survey identified levels of helium at double the background level
- The completed study will enable GLV to build a hydrogen and helium geological model to be used to understand the generation and trapping mechanisms in the basin
- Shares in Global Gas and Oil were trading steady at 2.2 cents a share
Global Oil and Gas (GLV) has completed an infield hydrogen and helium survey at its wholly-owned EP-127 site.
EP-127 is located in the Northern Territory’s Southern Georgina Basin.
The infield gas sampling survey was conducted based on results from an earlier spectroscopy analysis.
Initial readings from the survey have identified levels of helium at double the background level.
A complete analysis of the data is underway and will aim to correlate the elevated helium presence with the geological model of the Southern Georgina Basin and the spectroscopy data.
The completed study will enable GLV to build a hydrogen and helium geological model which could be used to understand the generation and trapping mechanisms in the basin.
In addition, the study would aid the planning of future exploration activities.
“Global is pleased that this work was able to be completed despite various lockdowns and border closures due to COVID.” Executive Director Patric Glovac said.
“The company is excited by the initial results and looks forward to receiving the full analysis.”
Shares in Global Gas and Oil were trading grey at 2.2 cents a share at 2:43 pm AEDT.
