Summary (from https://newsrush.ai/m_64.html):Stage 1 Interim Exploration Well Testing Update
27 May 2024 8:55 AM | 12 Pages
Gold Hydrogen Limited reports on their Ramsay Project, highlighting significant findings from Stage 1 Well Testing, including high purity levels of natural hydrogen and helium.Summary
- Gold Hydrogen Limited completed Stage 1 Well Testing for Ramsay 1 and 2 wells.
- Natural Hydrogen purity levels reached up to 95.8% (air corrected).
- Helium purity levels were up to 17.5% (air corrected).
- Testing showed high permeability in the formations.
- Stage 2 testing is planned to commence in early Q3 2024.
- A large scale regional 2D seismic acquisition project will start in June 2024.
Highlights
- Natural Hydrogen purity levels up to 95.8% H2.
- Helium purity levels up to 17.5% He.
- High permeability demonstrated in tested formations.
- Stage 2 testing to start early Q3 2024.
- Large scale regional 2D seismic acquisition to begin in June 2024.
Positives
- High purity levels for both Natural Hydrogen (95.8%) and Helium (17.5%).
- Confirmation of high permeability in formations.
- Stage 2 testing planned to further validate findings.
- Large scale seismic acquisition project contracted.
Negatives
- Formation water encroachment impeded further flow testing.
- Some results from isotopic analysis expected to take several months.
- Inherent uncertainties due to lack of data on dedicated Natural Hydrogen wells.
Key Dates
- 27 May 2024: ASX Announcement
- Early Q3 2024: Planned start of Stage 2 testing
- June 2024: Start of large scale regional 2D seismic acquisition project
Alerts
- Contains better than expected results: yes
- Contains worse than expected results: no
- Contains expected results: no
- Sentiment: positive
Summary (from https://newsrush.ai/m_64.html):Stage 1 Interim...
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