GRV provides update on farm-in agreement for EP145, Amadeus Basin
Project Name: West Walker Project
Project Location: NT, Australia
Project Stage: Exploration
ProjectBank Summary:
Greenvale Energy Limited (ASX: GRV) is pleased to provide an update on its Farm-in Agreement with Mosman Oil & Gas Ltd to acquire a significant interest in EP145, located in the Amadeus Basin, NT. The agreement will allow Greenvale to earn up to 75% of the project, which holds potential for ultra-high-grade helium, hydrogen, and hydrocarbons.
Greenvale Energy Highlights:
Completion date for the EP145 farm-in agreement with Mosman Oil & Gas extended to April 30, 2024.
Ministerial approval expected shortly, with preparations advancing for the EP145 seismic program.
EP145 encompasses a potentially ultra-high-grade helium, hydrogen, and hydrocarbon opportunity.
Seismic program on track to be completed by August 2024, paving the way for drilling in 2025.
MD/CEO Statement:
Mark Turner, CEO, commented: "We are pleased to have reached an agreement with Mosman Oil & Gas to extend the completion date for the Farm-in Agreement. Based on my very positive meetings with senior Government officials last week, we are confident that Ministerial approval should be received in the coming weeks. We are looking forward to concluding this agreement, which will bring highly prospective acreage in the Amadeus Basin into Greenvale’s portfolio, opening up an exciting new growth opportunity in the rapidly growing helium and hydrogen industry."
