Sound Energy, the transition energy company, has announced completion of the regional screening study for natural hydrogen and helium undertaken in collaboration with Getech Group, a global leader in locating essential energy and mineral resources crucial for the energy transition.
On 28 October 2024 the Company announced entry into an Exploration Collaboration Agreement with Getech. Pursuant to the Agreement, the parties will collaborate to seek to explore for naturally occurring hydrogen and helium in Morocco. The initial phase of the Agreement comprised a regional screening study to identify areas of potential interest for more detailed assessment by the parties.
The Company is pleased to announce that the regional screening study has been completed and has identified areas of significant prospective potential for natural hydrogen and helium occurrence sufficient to warrant further study. The Company and Getech intend, under the terms of the Agreement, to form a Joint Venture and negotiate jointly exclusive rights for the exploration and exploitation of hydrogen and helium resources in Morocco, progressing towards necessary geophysical and drilling activities to unlock potential deposits.
John Argent, VP Geoscience of Sound Energy, commented:
'We are pleased with the outcome of the regional screening study, which applied Getech's proprietary geologically genetic workflows to identify and de-risk areas with potential for hydrogen and helium across the whole of Morocco. The study has yielded several high-potential targets that will now be the focus of our next phase of evaluation to refine a more targeted exploration programme. As we deepen our collaboration with Getech, we will continue to leverage our local partnerships and operational expertise to unlock value. We see this as a strong validation of our joint approach and a meaningful step forward in our strategy to establish a leading position in the emerging natural hydrogen and helium sector.'
Further announcements will be made, as appropriate, in due course.
Source: Sound Energy
