19 November 2024
Oscillate
PLC
(“Oscillate” or the
“Company")
Operational
Update
The Board of Oscillate plc (AQSE: MUSH) the
exploration company with a focus on natural “white” hydrogen, is
pleased to provide shareholders with the following operational
update on its activity in Minnesota,
U.S.A.
Highlights:
Initial evaluation of potential field data complete
and identification of areas for start of operations
identified.
Hydrogen sensing device dispatched to area of
operations.
Contractor for field operation
selected.
Land access permitting
underway.
As part of its ongoing strategy to develop a
comprehensive, regional understanding of the basin the Company has
now completed the initial interpretation of available legacy
geological and geophysical data thus enabling the Company to select
the locations for initial data gathering. Recently acquired
hydrogen sensing equipment has been shipped to Minnesota where a local group specialising in
field operations have been contracted to undertake field operations
and data compilation.
Hydrogen sensor ready for use
– technical
review and understanding of this new equipment has been completed
by the Houston staff and the
equipment has been shipped to Minnesota for further familiarity by the field
team.
Potential field data (gravity and
magnetics) has now been reviewed
and the Company has selected areas where the initial field
work will begin. This will take place on lands where access is
immediate while waiting for permission for additional land
access.
Field Services contractor
– A local
contractor, Northern Geotechnical, with experience in data
gathering and familiarity with the region, will provide personnel
with the necessary expertise to operate the sensing device in the
field.
Steve Xerri, CEO of
Oscillate commented: “We are now about to
join pioneers at our own licence areas, we join the race for
commercial hydrogen. There are many parts of our programme now
coming together and we look forward to these developments and being
able to communicate in the near future. The geo-physicists, field
development agents and a state manager now have the
baton.
The Company is also pleased to report that our
initial work programme is under budget, which allows further scope
to speed up and refine our strategic
plans.”
Jack Keyes, Technical
Consultant, said: “Great to get started!
The acquisition of sample data will be the first exploration
operations undertaken by Oscillate on this acreage. Positive
results from this phase will lead to additional sampling and the
possible gathering of physical samples for additional laboratory
analysis.”
The Directors of the Company
accept responsibility for the content of this
announcement.
Enquiries:
Company
Oscillate
PLC
Steve Xerri
ir@oscillateplc.com
https://oscillateplc.com
Aquis Corporate
Adviser
Peterhouse Capital
Limited
Telephone: 020 7220 9790