New Risk • Jul 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Market cap is less than US$10m (AU$13.8m market cap, or US$9.59m). Minor Risk Revenue is less than US$5m (AU$3.3m revenue, or US$2.3m). New Risk • May 20
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Earnings have declined by 32% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$3.3m revenue, or US$2.3m). Market cap is less than US$100m (AU$23.8m market cap, or US$16.9m). Reported Earnings • Mar 18
First half 2026 earnings released: EPS: AU$0.029 (vs AU$0.002 loss in 1H 2025) First half 2026 results: EPS: AU$0.029 (up from AU$0.002 loss in 1H 2025). Revenue: AU$360.0k (down 78% from 1H 2025). Net income: AU$11.1m (up AU$12.0m from 1H 2025). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Tillkännagivande • Dec 24
Pure One Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Pure One Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,882,353
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 882,353
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 21
Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 28, 2025 Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 28, 2025. Location: level 2, 61 victoria street mcmahons, point nsw 2060, Australia Reported Earnings • Oct 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: AU$0.043 loss per share (further deteriorated from AU$0.011 loss in FY 2024). Revenue: AU$4.78m (up 252% from FY 2024). Net loss: AU$16.0m (loss widened 308% from FY 2024). Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$2.8m revenue, or US$1.8m). Market cap is less than US$100m (AU$32.0m market cap, or US$21.0m). Tillkännagivande • Aug 28
Pure Hydrogen Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Pure Hydrogen Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,764,706
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$7.1m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$2.8m revenue, or US$1.8m). Market cap is less than US$100m (AU$37.5m market cap, or US$24.4m). Major Estimate Revision • May 30
Consensus revenue estimates fall by 39% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$11.6m to AU$7.10m. Forecast losses increased from -AU$0.006 to -AU$0.008 per share. Oil and Gas industry in Australia expected to see average net income growth of 25% next year. Consensus price target down from AU$0.31 to AU$0.28. Share price fell 7.8% to AU$0.083 over the past week. Reported Earnings • Mar 18
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (improved from AU$0.005 loss in 1H 2024). Net loss: AU$902.0k (loss narrowed 53% from 1H 2024). Revenue is forecast to grow 88% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 47% per year whereas the company’s share price has fallen by 43% per year. New Risk • Mar 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$2.9m Forecast net loss in 2 years: AU$1.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$7.1m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.5m net loss in 2 years). Revenue is less than US$5m (AU$2.8m revenue, or US$1.8m). Market cap is less than US$100m (AU$28.8m market cap, or US$18.2m). Tillkännagivande • Oct 31
Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 29, 2024 Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 29, 2024. Location: at level 2, 61 victoria street mcmahons point nsw, 2060, Australia Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.004 profit in FY 2023) Full year 2024 results: AU$0.009 loss per share (down from AU$0.004 profit in FY 2023). Net loss: AU$3.92m (down 378% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$716k revenue, or US$475k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$56.5m market cap, or US$37.5m). New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$716k revenue, or US$476k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$66.5m market cap, or US$44.2m). Tillkännagivande • Apr 05
Botala Energy Limited (ASX:BTE) agreed to acquire an 30% in Serowe CBM Project from Pure Hydrogen Corporation Limited (ASX:PH2) for AUD2 million. Botala Energy Limited (ASX:BTE) agreed to acquire an 30% in Serowe CBM Project from Pure Hydrogen Corporation Limited (ASX:PH2) for AUD2 million on April 4, 2024. Reported Earnings • Mar 20
First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.012 profit in 1H 2023) First half 2024 results: AU$0.005 loss per share (down from AU$0.012 profit in 1H 2023). Net loss: AU$1.92m (down 145% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 27
Pure Hydrogen Corporation Limited Announces Change of Financial Controller Pure Hydrogen Corporation Limited announced the appointment of Mr. Craig Beatton to the position of Financial Controller and he will start on 15 January 2024. He replaces Brendan Evans, who has resigned effective 24 December 2023. Craig is a Chartered Accountant with over 25 years' experience across a diverse range of senior commercial and financial roles. Craig has worked for several listed companies in the financial, legal and data centre sectors. He was Chief Financial Officer for Shaw and Partners Limited. Craig has a Bachelor of Commerce from the University of Wollongong and is a member of the Chartered Accountants of Australia. Tillkännagivande • Nov 04
Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 30, 2023 Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 30, 2023, at 12:00 AUS Eastern Standard Time. Location: Level 2, 61 Victoria Street McMahons Point NSW 2060 New South Wales Australia Agenda: To consider and approve the Financial Report of the Company and the consolidated entities, and the Reports of the Directors and Auditor thereon for the financial year ended 30 June 2023; to consider and approve the Remuneration Report; to consider and approve the Election of Director Adam Giles; and to consider other matters. Reported Earnings • Sep 30
Full year 2023 earnings released: EPS: AU$0.004 (vs AU$0.001 in FY 2022) Full year 2023 results: EPS: AU$0.004 (up from AU$0.001 in FY 2022). Revenue: AU$6.64m (up AU$6.59m from FY 2022). Net income: AU$1.41m (up 264% from FY 2022). Profit margin: 21% (down from 902% in FY 2022). New Risk • Sep 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 902% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (21% net profit margin). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Revenue is less than US$5m (AU$6.6m revenue, or US$4.3m). Market cap is less than US$100m (AU$58.8m market cap, or US$37.8m). Buying Opportunity • Aug 07
Now 24% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be AU$0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jun 13
Now 21% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be AU$0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • May 16
Now 22% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be AU$0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 17
First half 2023 earnings released: EPS: AU$0.012 (vs AU$0.002 loss in 1H 2022) First half 2023 results: EPS: AU$0.012 (up from AU$0.002 loss in 1H 2022). Revenue: AU$6.13m (up AU$6.12m from 1H 2022). Net income: AU$4.29m (up AU$5.09m from 1H 2022). Profit margin: 70% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Tillkännagivande • Jan 09
Pure Hydrogen Corporation Limited Appoints Brendan Evans as Chief Financial Officer Pure Hydrogen Corporation Limited has announced the appointment of Mr. Brendan Evans to the position of Chief Financial Officer and he will start immediately. Brendan is a Chartered Accountant with over 20 years' experience across a diverse range of commercial finance and management roles. Brendan has worked extensively in Australia and the United Kingdom for a number of large organizations principally within the oil and gas, mining and engineering sectors. Brendan's most recent role prior to his appointment as Chief Financial Officer, was as Chief Executive Officer of Petro National Pty Ltd, a petroleum distribution business with operations throughout Australia. Brendan has a Bachelor of Commerce from the University of Newcastle and is a member of the Chartered Accountants of Australia and the Governance Institute of Australia. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Ron Prefontaine was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 02
Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 30, 2022 Pure Hydrogen Corporation Limited, Annual General Meeting, Nov 30, 2022, at 12:00 AUS Eastern Standard Time. Location: Level 2, 61 Victoria Street McMahons Point NSW 2060 Sydney New South Wales Australia Agenda: To receive and consider the Financial Report of the Company and the consolidated entities, and the Reports of the Directors and Auditor thereon for the financial year ended 30 June 2022; to Remuneration Report; to Authority to issue and allot Shares; to Issue of Options to a Director; and to consider other matter. Tillkännagivande • Aug 17
Pure Hydrogen Corporation Limited Chess Depositary Interests to Be Deleted from OTC Equity Pure Hydrogen Corporation Limited Chess Depositary Interests 1:1 (Canada) will be deleted from OTC Equity effective from August 16, 2022, due to CUSIP Suspended. Tillkännagivande • Aug 12
Pure Hydrogen Corporation Limited Announces Serowe Well Program & Flow Testing Commencing September 2022 Pure Hydrogen Corporation Limited has been advised by the operator that 2 wells, Serowe 6 and 7, are scheduled to be drilled on the Serowe Gas Project commencing in September 2022. In addition, Serowe 3 is scheduled to be flow tested commencing September 2022. The flow test skid has now been fabricated and is ready to move to site. Key upcoming activities on the Serowe Gas Project plan include: Well pad preparations in August 2022 to spud two exploration wells, which are planned tospud in September 2022. Serowe-3 well: flow-testing is expected to commence in September 2022. Discussions with the operator concerning potential clean energy plans. Planning for 4 well appraisal and production= drilling program in 2023 Pure Hydrogen will update shareholders as the activities commence on the Serowe Gas Project. Board Change • Aug 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Ron Prefontaine was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Ron Prefontaine was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 12
Pure Hydrogen Corporation Limited Announces Serowe CSG Project Resource Upgrade to 315.7 BCF 2C Pure Hydrogen Corporation Limited announced that the company has received third party certified 2C resources of 315.7 Bcf for the Serowe CSG project in Botswana. The certification was carried out by Denver based Sproule and Associates. The planned programme to end of 2022 includes a Serowe-3 flow test, a multi-well CSG pilot and a multi-well appraisal drilling programme. The Serowe-3 flow test and pilot are designed to demonstrate commercial gas to allow for upgrades of the 2C resources to substantial saleable reserves. The operator has advised that it has now designed and is sourcing equipment to complete Serowe 3 as producer within the next few months. Once set up, the plan is to carry out an extended controlled draw down test. The results of this test will be used to design, drill and complete a long-term test programme on a multi-well pilot during the second half of 2022. Achieving commercial gas flows can yield progressive and reasonably predictable conversion of 2C resources and contingent resources to reserves. With the interpreted natural permeability and high gas contents in the thicker coals encountered in Serowe-3, the risk and cost of the commercial development in the part of Serowe CSG field using inexpensive vertical well completions methods is considered low with success providing a pathway to proving a multi Trillion Cubic Feet coal seam gas field in central southern Africa Pure Hydrogen is free carried on the first $6 million expenditure in the Serowe Gas Project. Tillkännagivande • Nov 27
Pure Hydrogen Corporation Limited Provides Details of the Order of Hydrogen Trucks and Hydrogen Supply Pure Hydrogen Corporation Limited provides further details on the proposed transactions with AKM Earth Pty Limited (AKM) for the supply of seven (7) Hydrogen Fuel Cell Trucks (`HFCV trucks') (Hook Bin Trucks) together with the supply of Hydrogen fuel. The key terms under the Term Sheet include the following: Hydrogen supply and conditions including pricing, delivery, pressure and specification of the HFCV Trucks; The contract term of hydrogen supply will be seven years; The initial order would be 7 HFCV trucks with commitment from AKM to order an additional 5 HFCV trucks if it is satisfied with the initial 7 trucks. AKM have around 25 diesel trucks in addition to these trucks that could be swapped for HFCV Trucks in due course; Minimum Hydrogen supply of 6,160 kg per month and can be expended by agreement; It was expected the first HFCV Trucks will be delivered in 4th Quarter of calendar year 2022. It is expected the initial minimum annual revenue will be in the order of $1.1 Million per year under the proposed transactions. This could be increased if further trucks, hydrogen and services may be required by AKM. The Term Sheet is subject to a number of conditions precedents including AKM being satisfied with Due Diligence of the HFCV Trucks and both parties signing customary documents including a Gas Sale Agreement and other transaction documents. Tillkännagivande • Aug 25
Pure Hydrogen Corporation Limited Announces Serowe Gas Project Appraisal Drilling Program Update Pure Hydrogen Corporation Limited (`Pure Hydrogen') to report that BotsGas, its JV partner on the Botswana Coalbed Methane (CBM) Serowe Gas Project, have advised that Serowe 4 will be spudded in mid-September with a short term flow testing of Serowe 3 to occur prior the drilling of Serowe 4. Serowe 3 encountered 41 metres of gassy coals. This total coal thickness is more than double the pre drilling estimates. While drilling, free gas was breaking out of drilling fluids on surface. The processing of a new logging method showed adsorbed gas, free gas and indications of permeability in several of the target coal seams. If the method is successful, it can reduce the number of expensive core holes and analysis normally required to certify reserves, thereby allowing the fast-tracking of reserves certification. With the interpreted natural permeability and high gas contents in the thicker coals encountered in Serowe-3, the risk and cost of the commercial development using inexpensive vertical well completions methods and proving a multi TCF coal seam gas field in central southern Africa can be substantially reduced. Pure Hydrogen is free carried on the first $6 million expenditure in the Serowe Gas Project. Reported Earnings • Jun 13
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: AU$825.9k (loss widened 16% from 3Q 2020). Tillkännagivande • Jun 08
Pure Hydrogen Corporation Limited Updates on Serowe Project Pure Hydrogen Corporation Limited report that Serowe 2 well, located on the Serowe Project in Botswana, was spudded late last week. It is the first well of a six well appraisal drilling campaign on Project Serowe. Serowe 2 spudded late last week Planned total depth of 450 metres Project Serowe has prospective high- grade CBM gas resource of 2.38 Tcf1,3,4 Pure Hydrogen currently has 100% of Project Serowe (51% post farm-in) and is free carried with project partner BotsGas funding 100% of the farmin appraisal programs designed to high- grade resources to reserves. Tillkännagivande • Jun 03
Pure Hydrogen Corporation Limited Announces Venus-1 Pilot Well Records Early Gas Breakout Pure Hydrogen Corporation Limited reported that its Venus-1, located on Project Venus in central Queensland has recorded initial gas breakout after only 50 barrels of water production. The early gas breakout confirms the interpreted high gas saturations of the target Walloon coals. The breakout gas rate, estimated at 84,000 cfd, is expected to continue to increase as the controlled pressure draw down expands radially into the multiple high gas saturated coal reservoirs from the low cost Venus-1 vertical production well. The results of the flow test to date and current gas pressure build-up suggests a successful, more robust enhancement at Venus-1 could substantially decrease the time to achieve commercial gas flows. A second stage, more robust, enhancement is currently under consideration for implementation at the Venus Pilot well in the coming weeks. Proving commercial gas flows at Venus-1 could convert the recently certified 130 PJ of 2C gas resource to 2P gas reserves. Certifying 130 PJ's of gas reserves is sufficient to underpin a sizeable gas sales contract to justify development of the Venus CSG field and connection to the nearby gas pipeline infrastructure. In addition, Pure Hydrogen has selected the Venus CSG field (Project Saturn) as a potential location for a demonstration CSG to hydrogen production facility and hydrogen hub. Tillkännagivande • Jun 01
Pure Hydrogen Corporation Limited Announces First of Six wells in Project Serowe, Botswana CBM to spud this week Pure Hydrogen Corporation Limited reported that its joint venture partner BotsGas Pty Limited is scheduled to spud the first of a six well appraisal drilling campaign on Project Serowe within the next few days. The campaign will consist of two separate stages of three appraisal wells each. The campaign is designed to confirm geological model for the area; principally to demonstrate the widespread uniformity of the Serowe Formation from which the company propose to extract coal bed methane (cbm). BotsGas have advised Serowe 2, the first stage 1 well is schedule to spud in the next few days. This will be followed up with Serowe 3 & 4 as illustrated in the map. The campaign will exceed the minimum acreage commitments which should ensure permit renewals in the future. Two of the wells are to be converted to production wells whilst the third is in an outlying region to test the presence of high grade cbm. The proposed drill sites have been readied for drilling and the necessary drill pipes delivered. A detailed Occupational Health and Safety Plan has been prepared, with appropriate hygiene and social distancing procedures to prevent Covid-19 infections. The plan is to drill the second stage 3 wells later in the year after considering the results and incorporate the knowledge learned from the first 3 wells. Tillkännagivande • Mar 23
Pure Hydrogen Corporation Limited announced that it expects to receive AUD 9.4048 million in funding Pure Hydrogen Corporation Limited (ASX:PH2) announced a private placement of 32,430,346 chess depositary interest at a issue price of AUD 0.29 for shares for gross proceeds of AUD 9,404,800 on March 22, 2021. The transaction included participation from existing, new sophisticated and institutional investors. The company will also issue 16,215,173 options exercisable at AUD 0.45 per share until March 30, 2023. The transaction is expected to close on March 26, 2021. 
