24 October 2024
Oscillate
PLC
("Oscillate"
or the "Company")
Start
of Operations in Minnesota
Acquisition
of Hydrogen Soil-Gas Sensor, Interpretation of Gravity and Magnetic
Data and Review of Regional Topography
Oscillate
plc is pleased to announce the start of operational activity at its
flagship licences in northern Minnesota,
USA.
Highlights:
Start of
Operations:
-
Acquisition of Hydrogen soil-gas sensor
-
Pre-field work under way, including the Interpretation of available
gravity and magnetic data
- Review
of regional topography
Following
the recently completed acquisition of our highly prospective
hydrogen project in the United States of
America, we have initiated studies on the project, begun
interpretation of already existing gravity and magnetic data and
acquired key equipment In preparation for the initiation of the
field programme.
Acquisition
of Hydrogen soil-gas sensor -
calibration of this equipment will predominantly be lab based,
alongside field evaluation.
Pre-field
Work - this
work will involve desktop studies of existing gravity and magnetic
data sets to determine field locations to start works.
Regional
Topography review - this
work will be tied into the magnetic and gravitational work and
output to assess first locations for access permissions in
preparation of our in-field activities.
Steve Xerri, CEO of Oscillate commented: `With the
acquisition of a hydrogen soil-gas sensor we have now passed a
significant milestone in starting operations for what we believe
will be an exciting field season. The first phase of work will
provide essential data necessary to progress to the in-field
operations, where we will scout for potential hydrogen sources
throughout our expansive acreage. I look forward to updating
shareholders as we move towards an exciting period of activity in
line with our near term goals of further evaluating the hydrogen
potential of our acreage.'
Commenting
on today's update, Jack Keyes,
Technical Director, said: `I am very enthusiastic about the white
hydrogen potential of this region and expect that our initial
evaluation of the available geological data will assist in our
understanding of the basin. The evaluation of any seep data and
soil-gas composition data will be the first exploration operations
undertaken by Oscillate on the acreage. The gas sensor will be
deployed on a regional grid along existing roads, tracks, paths and
any terrain that is accessible via a field vehicle and/or walking.
Global Positioning System (GPS) instruments will be used by the
field crew to accurately locate the sampling sites, and the data
will be ultimately
transmitted
to Houston for analysis and
review.'
The
Directors of the Company accept responsibility for the content of
this announcement.
Enquiries:
Company
Oscillate
PLC
John Treacy
ir@oscillateplc.com
https://oscillateplc.com
Aquis
Corporate Adviser
Peterhouse
Capital Limited
Telephone:
020 7220 9790