Central Petroleum released resource estimates for a three-well sub-salt exploration drilling programme planned for end-2023. It is targeting helium, natural hydrogen and natural gas, with Central's share of gas resources across the three prospects estimated to be in the order of 44.8 bcf of helium, 56.7 bcf of hydrogen and 272 bcf of methane. This includes 4.3 bcf of contingent resource (2C) at Jacko Bore, which is a re-entry of Mt. Kitty that flowed up to 530 mcf/d, including 11.5% hydrogen and 9% helium. The campaign will be operated by Santos, with Central being carried by Peak Helium for two of the new sub-salt exploration wells. Australia's only source of helium supply, the Bayu Undan field, is in the process of shutting down this year so success here would provide alternative feedstock to the helium plant in Darwin.
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