Whitebark Energy Ltd. has announced the signing of a Bid Implementation Agreement with Kind Energy Ltd. for the acquisition of all of King Energy's issued securities. This acquisition will provide Whitebark with access to significant hydrogen and helium resources in Australia, particularly in the Officer Basin in South Australia. The deal involves issuing 100 million new shares and options of Whitebark as consideration for the acquisition, valued at AUD 1.7 million. The company sees this acquisition as an opportunity to enter the growing white hydrogen industry and capitalize on high-demand helium and hydrocarbons to support Australia's energy transition. The exploration activities following the acquisition are expected to kick off in Q1 2026, focusing on drilling in the relatively underexplored Officer Basin. The exploration efforts will target conventional reservoir depths between 1,200 to 2,000 meters. Whitebark also plans to raise capital in 2025 to fund these exploration activities, including soil geochemistry studies, 2D seismic acquisitions, and resource assessments of King Energy's projects. The directors of both Whitebark and King Energy are optimistic about the potential of the Officer Basin, emphasizing the proven elements for a white hydrogen, helium, and hydrocarbon system. They foresee immediate exploration activities and low-cost onshore drilling in the near future. The new venture is expected to empower the energy industry professionals, contributing to Australia's energy transition and fostering a community of knowledge sharing and career empowerment through the Rigzone Energy Network.