Buru Energy Advances Natural H2 and Helium Exploration in Australia

Buru Energy's wholly owned subsidiary, 2H Resources, is the preferred applicant for six Petroleum Exploration Licences (PELs) and Gas Storage Exploration Licences (GSELs) in South Australia, spanning over 1.4mm acres. Exploration for natural hydrogen and helium on these application areas will commence following the execution of land use agreements that are currently under negotiation. Buru was also successful with six Special Prospecting Authorities with an Acreage Option (SPA-AO’s) adjacent to the Perth Basin and in the Goldfields area in Western Australia. Four of these SPA-AO’s are at 75% equity in partnership with Gehyra Flux, a private natural hydrogen explorer, covering ~5mm acres northwest of Perth, adjacent to the margins of the Perth Basin, where geological conditions are interpreted to be favourable for generation of helium and associated gases.

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