Whitebark Energy Limited (ASX:WBE) ("Whitebark" or the "Company") is pleased to announce the signing of a Heads of Terms with international Geothermal Developer CeraPhi Energy to support the development of the Company's Australian based Geothermal assets. CeraPhi Energy specialises in Geothermal technology solutions and delivery, including providing Geothermal development consultancy services and deploying it's proprietary CeraPhiWellTM technology. The newly formalised collaboration follows Whitebark's recent announcement of its successful award of an exploration license application for Geothermal Energy ( EPG') consisting of 190 sub-blocks within the Greater Brisbane and Gold Coast Region, approximately 25km from Brisbane in South-East Queensland.
CeraPhi will support Whitebark as a strategic development partner using its proprietary closed-loop technology CeraPhiWellTM, a technology that is geologically agnostic and deployable anywhere providing a significant de-risk in new geothermal developments. The technology also enables the reuse of end of production Oil and Gas wells helping Whitebarks ambitions to become a leader in Australia's energy transition.
The EPG2037 tenement covers an area of approximately 589 square kilometres, prospective for the generation and sale of geothermal power which Whitebark believes will be a future source of base-load renewable energy for the region.
Figure 1: EPG2037 tenement area
As a world leader in advanced closed loop geothermal, CeraPhi Energy provides a unique differentiator in the development and delivery of commercial scalable heat networks and self-sustainable energy hubs. CeraPhiWellTM proprietary deep geothermal energy generator, provides the efficiency and durability of large scale Geothermal without the associated risks.
CeraPhiWellTM is a self-contained closed-loop system (AGS - Advanced Geothermal System) installed at several KM depth accessing stable and deep geothermal heat. It is ideal for repurposing end of life Oil and Gas wells with possible offtakes in large-scale district heating projects or industrial uses where producing heat is a major component of the operational costs. As part of its integrated approach, CeraPhi Energy can also deliver wastewater treatment, desalination, hydrogen production, and agriculture. The CeraPhi Energy Combined Heat & Power (CHP) solution is modular, scalable, and can be applied virtually anywhere unlike conventional Geothermal.
Limited Whitebark Energy Limited (ASX:WBE) ("Whitebark" or the "Company") is an ASX-listed exploration and production company featuring low cost oil and gas production in Canada, operated by its wholly-owned subsidiary Rex Energy (Rex); and a substantial contingent gas resource in Western Australia. WBE has realigned its corporate strategy following a comprehensive management changeout and the landmark acquisition of a 100% interest in the Wizard Lake producing asset located in the prolific oil & gas province of Alberta, Canada.
Adam Stepanoff
General Manager
Whitebark Energy
Ph: +61 8 8232 8800
Adam.stepanoff@whitebarkenergy.com
Holly Harvey-Perdicou
Marketing Lead
CeraPhi Energy
Ph: +44 300 561 0170
Holly.Harvey-Perdicou@ceraphi.com