Provaris Energy Ltd. Stock Analysis PV1.AX

Provaris Energy Ltd. engages in developing solutions by way of compressed natural gas for stranded gas fields and investment in oil and gas resources, including exploration, development and production for oil and gas. The company is headquartered in Perth, New South Wales. The company went IPO on 2005-03-21. The firm is advancing innovative Compressed Hydrogen (H2) and Carbon Dioxide (CO2) storage and transport solutions through proprietary tank designs for storage, maritime gas carriers and integrated supply chain development. The Company’s principle activities include supporting the development of hydrogen production and export projects in Europe, with a focus on local collaborations in Norway; the design, engineering and Maritime Class Approvals for its proprietary H2Neo Carrier and H2Leo Storage Barge for the marine storage and transportation of compressed hydrogen; and developing innovative liquid CO2 tank designs for marine transport and offshore storage and injection applications. Its proprietary H2Neo carrier is based on a conventional MR tanker with two integrated tanks to store (450-tonnes) hydrogen at 250 bar MAOP.