Star Phoenix Signs Deal to Explore Hydrogen Opportunities in Australia.
Star Phoenix Group Ltd – oilfield services in Trinidad and oil and gas interest in Indonesia – Signs non-binding agreement with university in Australia, Curtin University, to jointly explore, appraise and develop natural H2 opportunities in Western Australia.
“At this stage, the intention is that the work programme would be funded by Star Phoenix with an estimated cost of approximately GBP350,000 over a two-year period,” company explains.
Star Phoenix would have exclusive rights to develop the H2 opportunity during the course of the joint work and all intellectual property discovered during the project would be owned solely by the company.
“The main objective of the proposed work programme, if progressed, would be to identify production points of hydrogen, specifically in areas having a high iron-rich content and circular depressions,” company adds.
Current stock price: 1.58 pence, up 13% Tuesday
Year-to-date change: up 6.5%
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IN BRIEF: Star Phoenix signs deal to search for hydrogen in Australia, July 13, 2021
