Australia-based Georgina Energy has received offtake interest and confirmed high-value helium-3 potential in the Amadeus Basin in Northern Territory.
The proposed agreement would include sale of helium, hydrogen and natural gas in the form of liquefied natural gas with company subsidiary Westmarket Oil & Gas selling raw gas at the wellhead to the unnamed offtaker.
“The offtaker would be responsible for capital outlay for downstream processing facilities, including the separation units, PSA systems for helium–hydrogen separation and cryogenic systems for purification,” according to a statement.
The company, publicly listed on the London Stock Exchange, confirms “exceptionally high grades” of helium, ranging up to 9%, in the subsalt zones of the Amadeus Basin.
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