HyTerra's Successful Quest for 'White' Hydrogen in Kansas
Key Ideas
- HyTerra, funded by Fortescue Future Industries Technologies, reported significant hydrogen concentrations in the Sue Duroche 3 well at its Nemaha project, making a promising start to its exploration.
- The company identified a potential market for hydrogen due to its location in a major industrial hub with access to various hydrogen users.
- Laboratory analysis verified hydrogen concentrations of up to 96.1% in mud gas samples from Sue Duroche 3, exceeding historical readings and affirming the project's potential.
- HyTerra plans to move the rig to the Blythe 13-20 well location after casing and suspending the Sue Duroche 3 well, showcasing commitment to further exploration.
HyTerra (ASX: HYT) has emerged from a trading halt with positive news regarding its pursuit of 'white' hydrogen in Kansas. As the first ASX-listed explorer dedicated to natural hydrogen, the company hit a milestone at its Nemaha project. Funded by a strategic investment of $21.9 million from Fortescue Future Industries Technologies, the drilling of the Sue Duroche 3 well has revealed significant hydrogen concentrations. This marks the beginning of a 12-month exploration work program at Nemaha. The project's location in a prime industrial and manufacturing region positions it well for potential hydrogen markets, including ethanol and ammonia manufacturers. Historical well data in the area, showing high hydrogen and helium occurrences, guided HyTerra's well selection. A key achievement was the verification of hydrogen concentrations reaching 96.1% in mud gas samples from Sue Duroche 3, surpassing past records. The company's executive director expressed satisfaction with the initial results and highlighted collaboration with local contractors for efficient operations. Looking ahead, HyTerra plans to move the rig to the Blythe 13-20 well location for further exploration. The company's proactive approach, successful verification of hydrogen concentrations, and plans for continued drilling reflect a positive sentiment surrounding its hydrogen exploration endeavors.
Topics
Projects
Exploration
Industrial Hub
ASX-listed
Strategic Investment
Well Drilling
Concentration Verification
Laboratory Analysis
Rig Mobilization
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