H3 Energy's Massive Oil & Gas Find in SA

0:00This is Sydney News today, every story, every city, every day. H3 Energy, an ASX listed company, is sitting on what could be one of Australia's biggest untapped oil and gas finds deep in South Australia's officer. Basin. Their Alignia project spans a huge, unexplored block, west of Kuberpedi, with independent experts estimating up to 4.3 trillion cubic feet, of gas and 1.3 billion barrels of oil across the whole area. The standout is the Rikerscode Prospect, a massive, undrived structure, comparable in size to major fields like Barrow Island. To turn this potential into action, H3 has hired LAB Energy Advisors, a top-london firm known for big energy deals. LAB's job is to line up major partners ready to invest in drill, especially as oil and gas markets heat up. H3 fully owns and operates the project, which is unusual for something to scale, without big players already involved. CEO Nick Psychiotis calls it a compelling chance amid rising global prices, and the location

1:04near the Moomba Gas Hub could make getting resources to. Market cheaper. Beyond hydrocarbons, experts see strong potential for natural hydrogen and helium at Rikerscode 2. High estimates reach 1.2 billion kilograms of hydrogen and 209 billion cubic feet of helium, adding to the excitement as demand for these grows. With over 20 prospects mapped out, H3 aims to drill the Rikerscode 1 well within 12 months if they secure funding and approvals. A successful strike could open up the whole basin for decades of production. D&N is brought to you by our sponsor. Press play, put your head down. The sound is already there, S-O-L-I, solelypillo.com.