I think a lot of people still view MAXX as an early concept story.
The 3D seismic brought this from theory to concept.
Before seismic, they knew they had a confirmed hydrogen system. Now they can actually start seeing the architecture of the system itself with much greater clarity.
That’s a huge difference.
We’re talking about a massive seismic-defined structural complex where they can now identify apex targets, faulting, closures, continuity, and potential pathways for hydrogen accumulation.
That’s why the conversation has shifted from “is there hydrogen?” to commercial evaluation, scalability, and resource modelling.
The GLJ hire stood out to me too. That’s not something you bring in if you think this is staying a science experiment forever. That’s a serious step toward understanding potential scale and commercial parameters.
That matters because the story has evolved fast.
Confirmed hydrogen system
Massive seismic-defined structural complex
Basin-scale repeatability thesis
Commercial evaluation discussions
AI/data infrastructure monetization pathways
And Sprott continuing to back the truck up
Honestly, the confidence level around this play feels dramatically different now.