Gold Hydrogen's Groundbreaking Success in Natural Hydrogen and Helium Well Testing
Key Ideas
- Gold Hydrogen Ltd achieved remarkable results in natural hydrogen and helium purity levels at its Ramsay Project in South Australia.
- The well testing program revealed high purity levels up to 95.8% for natural hydrogen and 17.5% for helium, positioning the project as world-leading.
- Stage 2 testing will focus on determining flow rates, optimizing future well designs, and potentially developing a natural hydrogen and helium pilot plant.
- The company's success in confirming downhole pressure and extracting gases to the surface sets a promising path for the future of the project.
Gold Hydrogen Ltd (ASX:GHY) has completed Stage 1 well testing at its Ramsay Project in South Australia, showcasing a groundbreaking success in natural hydrogen and helium exploration. The testing revealed purity levels reaching 95.8% for natural hydrogen and 17.5% for helium, marking the project as a world-leader in this field. The well testing program, the first of its kind in Australia, confirmed the extraction of natural hydrogen and helium across various zones, with significant results in the Ramsay 1 and Ramsay 2 wells. Moving forward, Stage 2 testing aims to determine flow rates, optimize well designs, and potentially establish a natural hydrogen and helium pilot plant. Gold Hydrogen is optimistic about the project's future, with plans to commence Stage 2 exploration in early third quarter 2024. The company's success in confirming downhole pressure and achieving high purity gas extraction sets a promising trajectory for commercial production of natural hydrogen and helium.