29 Nov 2021

EP-127 Completion of in-field Hydrogen and Helium Survey

PH 08 9388 0051 | 22 Townshend Road, Subiaco WA 6008 | ABN 80 112 893 491 www. global oilandgas .com.au 29 November 202 1 ASX ANNOUNCEMENT EP - 127: Completion of in - field Hydrogen and Helium Survey Highlights • Field work for the h elium and hydrogen s urvey has now been completed on the 100% owned EP - 127 • Initial readings detected levels of helium at double background level • Detailed analysis and reporting currently underway with final results to be correlated into to the geological model for planning of future exploration activities The Company is pleased to announce the completion of the in - field gas sampling survey testing helium and hydrogen con c entrations over areas of interest identified by the previously completed remote spectroscopy analysis. Initial readings from the field have identified sample sites with levels of helium detected at double background level. Full analysis and correlation of the field data is currently underway. Th i s stud y will look to correlate the elevated helium levels from field data with the geological model of the Southern Georgi na Basin and the remote spectroscopy data. This study will enable the company to build a hydrogen and helium geological model which can be used to understand the hydrogen and helium generation and trapping mechanisms in the basin. This can then be used to high - grade and plan future exploration activities. Remote spectroscopy analysis was conducted by Dirt Exploration of South Africa, survey planning, field sampling, data analysis and reporting conducted by H2He Services of Perth, WA . Comment Global O il and Gas - Executive Director Patric Glovac “ Global is pleased that this work was able to be completed despite various lock downs and border closures due to COVID. The company is excited by the initial results and looks forward to receiving the full analys is ” Authorised by the Board of Global Oil & Gas Limited. For further information please contact: Patric Glovac Director info@globaloilandgas.com.au
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