Whitebark Energy is in the process of acquiring King Energy in South Australia's Officer Basin, with a settlement date set for early March. The acquisition aims to enhance efforts in exploring valuable green energy sources, including hydrogen and helium. The Alinya project, spanning nearly 20,000 square kilometers, is strategically positioned for exploration due to its geological characteristics similar to regions with proven hydrogen and helium reserves. The project has identified over 20 prospects, with plans for advanced exploration activities like remote spectroscopy studies and geochemical surveys to locate drill-ready prospects. The company also intends to conduct 2D seismic surveys in the later part of the year. Proximity to processing facilities and government support for hydrogen strategy bode well for potential commercial discoveries in the region. The anticipated settlement of the acquisition will provide additional funding for exploration, positioning Whitebark Energy to contribute to South Australia's mission of decarbonization.