17
December 2024
Oscillate
PLC
(“Oscillate” or the
“Company")
Operational
Update
The
Board of Oscillate plc (AQSE Ticker: MUSH) the exploration company
with a focus on natural “white hydrogen”, is pleased to
provide shareholders with the following operational update on its
activity in Minnesota,
U.S.A.
Highlights:
Field
operations
underway
Search for Hydrogen Gas in fault lines from
geological
mapping
Land
access permitting
ongoing
The
Company is pleased to provide an update to shareholders with much
awaited field work commencing for the detection of White Hydrogen.
Our Minnesota field team, have
commenced work using the hydrogen sensing device are deploying it
across the various land packages which have been prioritised and
dictated by the geology in the northern part of our licence areas.
We have commenced our on-site works for hydrogen detection, the
output from this data collection along with the soil parameters
that will be encountered during this work phase, will be the data
used to build our comprehensive data set and more importantly
catalogue hydrogen which has been detected below the surface. This
information will be integrated into our data sets for a holistic
view of this first phase of
works.
A
more detailed review of regional surface geology will now commence
as this will have a major influence on how any data collected will
be interpreted. The Company is also working on a statistical method
for data analyses in addition to constructing a preliminary
geological model consisting of a regional cross section through the
survey area that will show the depth and thickness of the various
formations.
As
part of the land access we are now in the process of front running
the geological model and addressing other areas in our acreage for
field activities, this will fall in line with our programme and
will enable us to compile a larger model and overall map of the
area which will be used in 2025 to define further field
works.
Steve Xerri, CEO of
Oscillate commented: “This
important milestone of starting our field detection programme for
hydrogen is key in the first stages of our field programme, we look
forward to communicating initial success with our ultimate goal
over the next few months of identifying hotspot areas for potential
drill sites.”
Jack Keyes, Technical
Consultant, said: “Now
that the field work has started we will begin to focus on the
detailed evaluation of any gas samples encountered, there possible
source rock and the type of terrain we are seeing in the area, and
review how these shallow sediments relate to hydrogen
exploration.”
The Directors of the
Company accept responsibility for the content of this
announcement.
Enquiries:
Company
Oscillate
PLC
Steve
Xerri
ir@oscillateplc.com
https://oscillateplc.com
Aquis Corporate
Adviser
Peterhouse Capital
Limited
Telephone: 020 7220
9790