The size of the acreage and leads identified to date has encouraged the joint venture to acquire more seismic to identify prospects worthy of drilling. The percentage of helium recovered in known discoveries is in the range 4% to 9%, which is very high compared with worldwide analogues, and may represent a standalone commercial opportunity.

The introduction of Peak Helium into the joint venture will lead to the drilling of three major sub-salt exploration wells in 2023 targeting natural gas, helium and hydrogen at Dukas (EP112), Mt Kitty (EP125), and Magee/Mahler (EP82).