" Gold Hydrogen Managing Director, Neil McDonald said: “The MDT results are exciting for us as it
demonstrates that the limestone has suitable porosity and permeability to allow natural hydrogen to be
produced. Although early days, this result is likely to lead to Australia’s first natural hydrogen discovery. "
Definitions of Discovery well from lawinsider.com
Discovery well means the first well which finds and recovers to the surface Petroleum from a previously unknown or untested Petroleum Pool or where a sufficient indication is proven to the satisfaction of all parties that a Petroleum Pool exists, then a well may be declared a Discovery Well notwithstanding that the well did not test to the surface Petroleum;
At this stage, my take is the company believes it's likely that the results from Ramsay-1 and/or 2 will justify progressing to flow tests.
Last we heard, flow tests if warranted would be scheduled for Mar qtr 2024.
" Gold Hydrogen Managing Director, Neil McDonald said: “The MDT...
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56.0¢ |
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