Independent assessments by Sproule ERCE and Fluid Energy Consultants highlight the project’s immense potential, with best-estimate 2U prospective resources of 1.06 trillion cubic feet (Tcf) of gas, 145 million barrels of oil, 227 million kilograms of hydrogen, and 45 billion cubic feet (Bcf) of helium at the Rickerscote area alone.
High-end 3U estimates are even more compelling, reaching up to 4.1Tcf of gas, 617 million barrels of oil, 1.27 billion kilograms of hydrogen and 209Bcf of helium.
The Alinya project’s appeal lies in its multi-play potential. Three reservoir intervals are testable by a single vertical well at Rickerscote-1.
Proven reservoirs, robust top-seals and mature source rocks underpin the project’s commercial promise.
Whitebark plans to launch a hydrogen and helium soil gas sampling program this month, with an exploration well planned in 2026, alongside a farmout process to attract strategic partners.
Whitebark’s Warro gas field in Western Australia’s Perth Basin also offers upside. With mid-case contingent and prospective resources of 7.3Tcf, the field is under technical review to reassess its potential, including deeper targets below the Warro Sands area.
Seismic reprocessing is being considered to advance the project, capitalising on the WA Government’s 2019 approval of onshore fracture stimulation.
By exiting Wizard Lake, Whitebark is doubling down on its Australian assets, positioning itself to capitalise on the Officer Basin’s world-class potential and Warro’s significant gas resources.
The Alinya project, with its massive scale and multi-commodity prospects, is poised to drive long-term value, with near-term catalysts such as a 2025 sampling program and 2026 drilling keeping investors’ eyes firmly on Whitebark’s next moves.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
