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High Peak Royalties Ltd

High Peak Royalties leverages 1% interest in prospective gas and helium hydrocarbon discovery

High Peak Royalties Ltd (ASX:HPR) chairman Andy Carroll updates Proactive Investors about the company's 1% royalty interest in Santos' permits in the Northern Territory's Amadeus basin, where there is potential for a large gas hydrocarbon discovery.
 
"This is a very large prospect and very exciting," says Carroll. 
 
He continues, "Santos have identified a salt seal which works great around the world and seals not only hydrocarbons but also helium - the world is running out of helium so helium is worth significantly more than hydrocarbons and has been seen in wells drilled in this area.
 
"This has the potential for a very large gas hydrocarbon discovery but also for a very large helium resource - our 1% royalty over the whole area is a really great position to be in."

Quick facts: High Peak Royalties Ltd

Price: 0.082 AUD

Market: ASX
Market Cap: $15.49 m
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High Peak Royalties credits drilling at NT gas project for share price rise

High Peak Royalties Ltd (ASX:HPR) chairman Andy Carroll updates Proactive Investors on the company’s pleasing share price rise this past week, largely crediting drilling by Santos Ltd at the Dukas Well gas project in the Northern Territory. The company has reached a new 12-month high of 12...

on 27/8/19

2 min read