Then there's the third entity, Natural Hydrogen Energy LLC that appears to be in play as well as a JD... "HyTerra has acquired a 10% interest (and the right to earn up to 51%) in a Joint Development Agreement with Natural Hydrogen Energy LLC. The Joint Venture includes the worlds first wildcat well specifically targeting natural hydrogen (Hoarty NE3) as well as 3,891 acres of exploration leases across Nebraska and South Carolina. The Hoarty NE3 well and surrounding lease holdings are located near Geneva city in Nebraska, USA and are known as Project Geneva. " https://hyterra.com/home/#projects
With the oil roadblocks, the focus on Green / renewable energy, the benefits of Natural Hydrogen and Helium concentrations that can come with Hydrogen, very scarce resource and its reserves are limited. Demand is growing faster than current supply http://nh2e.com/. The hydrogen extraction process can leverage previous work on fossil fuel drilling is my understanding as well. That, plus $SAKH having a low OS and a 3 million share float, had to take a position here.
Natural Hydrogen is new to me. Hyterra puts it in perspective...
The urgency to decarbonise has created unprecedented political support and business momentum for hydrogen. HyTerra aims to capitalise on this opportunity by accelerating the development of natural hydrogen, an inexpensive, clean, and sustainable source. A successful hydrogen well has the potential to produce for decades and at a lower cost than renewable energy and electrolysis (green hydrogen) or via extraction from fossil fuels (grey hydrogen). https://hyterra.com/home/#projects
That's my hunch as well. The timing sure looks like that's what it's setting up for. I found this blurb on Fresh Equities site regarding dual listings:
"How do companies Dual List?
Listing on a secondary exchange requires the company to IPO on the second exchange."
This could be accomplished by the reverse merger of the shell. The big claim to fame then would be the recent joint venture Hyterra entered into with Natural Hydrogen LLC which would give them access to 2,720 acres in Nebraska and set them up to be a pretty exciting exploratory hydrogen company.
I bought a bunch more yesterday after connecting some of these dots. I'm still speculating here on this scenario obviously but I think it makes sense.