Pure Hydrogen (ASX:PH2) reports maiden gas resource for Project Venus, QLD
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Pure Hydrogen (PH2) is trading slightly lower on the ASX today after an independent review of the coal seam gas resources at its Project Venus in Queensland
The review was taken on by Sproule Inc and reported the 1C, 2C and 3C contingent resources for Project Venus
These varying resources typically refer to the certainty or probability of the gas project to contain the convertible resource, with 1C the most probably and 3C the least
Sproule s review found Project Venus to have 87.7 petajoules in 1C resources, 130.3 petajoules in 2C resources and 157.9 petajoules in 3C resources