GHY 0.38% $1.34 gold hydrogen limited

What can we expect from Ramsay flow rates?, page-2

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    They briefly got the H2 to flow to surface but couldn’t conduct a flow test for long enough to produce any data due to formation water getting in the road. Here’s the problem with that:

    Aquifer encroachment decreases ultimate recovery in gas reservoirs. Encroaching water traps residual gas behind the invading water front and maintains reservoir pressure. These effects reduce the volume of gas that will be produced, as compared with conventional pressure depletion. Also, as water volume flowing into the well bore increases, loading can eventually occur, which will effectively kill the free flow of gas, resulting in down time, sporadic well production, costly well maintenance, and, ultimately, abandonment of the well. Additionally, high volumes of produced water can increase disposal costs, rendering a well uneconomic.

    So Ramsey looks like a total write-off to me. Cor Blimey, wot a malarkey.
    Last edited by CEOChair: 05/06/24
 
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