Oscillate PLC
("Oscillate" or the "Company")
OPERATIONAL UPDATE
The Board of Directors of Oscillate Plc (AquisTicker: MUSH) the Aquis-traded
international hydrogen exploration company with focus on North America is
pleased to provide shareholders with an operational update on its activities in
Minnesota .
The exploration acreage is located in the Animikie Basin in northern Minnesota
and spans over an area of approximately 60,000 acres.
Since the granting of the initial option Oscillate PLC has undertaken the
following:
1. Made significant progress in gathering and reviewing geological and
geophysical data over the area.
2. On-going acquisition of land access rights from the various surface rights
owners.
3. Acquired soil gas sensing equipment that has subsequently been deployed in
the field.
4. Oscillate will utilize shallow soil gas sampling technology to evaluate the
area in order to determine the hydrogen potential and to identify areas for
future evaluation. The objective is to conduct a regional reconnaissance
evaluation to define both background and anomalous area of naturally occurring
hydrogen.
While progress has been challenging with very low temperatures in the field at
this time of year, a comprehensive set of early-stage data has been evaluated
and the encouraging results of the presence of hydrogen obtained to-date is a
rewarding start to the field campaign.
We are now proceeding to revisit and re-sample the areas and prioritize targets
where the highest indications of hydrogen have been seen. This is necessary
because the presence of naturally occurring hydrogen varies at the time of
sampling in addition to several other elements.
Global Positioning System (GPS) instruments are being used by the soil gas field
crew to accurately locate the sampling sites.
As soon as a comprehensive set of results have been obtained and verified we
will collect a gas sample. Initially we will run a gas composition analysis
using Gas Chromatography. Based on the result of the GC analysis and assuming
there is sufficient volume of hydrogen available we will run isotope analysis.
This analysis will be targeting the source of the gas - either from bacteria or
deeper geological processes (water rock interactions due to iron oxidation). We
will also look at the levels of hydrogen dissolved in the local groundwater.
We are currently in discussion with local academic groups who are also working
on the subject of natural hydrogen and interaction with these groups to assist
in our understanding of the hydrogen system of the basin have been extremely
encouraging.
Robin Birchall CEO of Oscillate PLC commented "I am pleased with the first phase
of work which shows that the licences we hold are prospective for Hydrogen
exploration. We will continue our sampling while analysing the results of the
initial sample collection. I am encouraged that already we have positive results
even though we have only worked on a small portion of our acreage, initially
100km2 block. We have seen occurring hydrogen detected which has repeated in a
pre and post purge data sets and also some spikes in detection. These results
are what we had hoped for and it leaves me encouraged for the rest of our
programme. While this first phase of work has been small by geological area, we
are now going to start to increase our field activities. With the Christmas and
New Year behind us, we embark in 2025 appropriately funded, with a comprehensive
plan and further works to be able to communicate and visualize our findings in
the near term. I am very happy with our work to date and thank the in-field
teams in Minnesota for the work they have completed against the odds with severe
weather conditions.
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The Directors of the Company accept responsibility for the contents of this
announcement.
Enquiries:
Company
Oscillate PLC
John Treacy
ir@oscillateplc.com
https://oscillateplc.com
Robin Birchall, CEO
robinbirchall@oscillateplc.com
Telephone: + 44 (0) 7711 313 019
Corporate Adviser
Peterhouse Capital Limited
Telephone: 020 7220 9795
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Oscillate plc
Oscillate Plc - OPERATIONAL UPDATE
4th February 2025, 10:00
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