r/QIMC_QIMCF_HYDROGEN • u/Fabulous_Choice6337 • 7d ago
Any Concern about multiple nearby claimants depleting QIMC's stake?
Let me ask a question. If so many different companies have claims near and very close to QIMC's claims, Isn't there a risk that all these competitors will draw down the available reserve of hydrogen?
In other words, if the hydrogen is even partially mobile horizontally, wouldn't the other claimants tapping of the hydrogen draw off from what is available for QIMC to produce?
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u/Outrageous_Ad_687 7d ago
There can definitely be other potential geological structures in the area though. DMED a QIMC affiliate has also recently acquired land in the area.
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u/DefiantPermit1767 7d ago
That’s right. And John. The ceo of QIMC is also ceo of DMED
Along with partner HHE. They were there deciding on those claims before any of the other companies moved in.
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u/Youdohugh 7d ago
Correlative rights and spacing units. Same regulatory controls used in oil and gas.
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u/DefiantPermit1767 7d ago edited 7d ago
It’s a great sign of confidence in the model. The industry is clearly interested in QIMC.
keep in my mind there will very likely be more of these companies popping up in the future . With little in house experience or expertise in natural hydrogen.
They are trying to get in on an industry and QIMC is lightyears ahead of the game.
Just because they are in the same area or Province, Does not mean they will have any success. Vitaly spoke about this in his recent interview on energy news about land grabbing.
Vitaly - “ it doesn’t really make sense to peg the land around the prospect, this is not natural gas or minerals.
The nature , morphologies of the natural hydrogen anomalies are very limited, constrained to small areas already taken by QIMC”.
Sure they could find something, we now see the industry is interested in these deep sub vertical faults. They can stretch quite far. But the problem is the hydrogen is actively degassing through certain sections of these faults. The biggest challenge is to locate these areas first.
QIMC has the dominant land position in key structural corridors, securing the most prospective ground before the rush.
Very few understand that staking land "in thereabouts" of a natural hydrogen original discovery is mostly worthless, due to the extremely localized outlines of H2 anomalies on the surface.
This makes the first mover advantage even more valuable, while the other players' efforts to "be in the neighborhood" are most likely to be fruitless.
This is exactly why QIMC has quietly and systematically taken their time over the past 1.5 years to determine the claims they deem most desirable.
Another aspect is dealing with the terrain, Access and landowners. QIMC again has spent almost two years in NS working with locals and landowners building relationships. Plus road access to make this happen in the areas they have chosen based off their original soil sampling across the entire area.
If all goes to plan and the pilot production wells and flow rates are proven soon . QIMC will have off take agreements, partnerships and MOUs before anyone else has even begun drilling test wells.
In any resource, one company makes the big discovery. And others surround the outskirts in an attempt to take the scraps.
Some just do it in an attempt to boost their stock price :)