Greenvale Energy, an Australian E&P company, secured a 75% stake in EP 145 in the Amadeus Basin, Central Australia, through a farm-in agreement with Mosman Oil and Gas, which appears to have shelved its IPO plans. EP 145 holds a best case prospective resource of 26.4 bcf of helium and natural hydrogen each, and other hydrocarbons with a (best case) prospective resource size of 440 bcf of total gas, making it an attractive asset. The Amadeus Basin's history of hydrocarbon production and proximity to gas infrastructure further enhance its commercial potential. Greenvale Energy plans to conduct seismic testing and drilling in the near future, taking over operatorship of the permit.
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