Gold Hydrogen Ltd Expands Exploration Efforts in South Australia
Key Ideas
  • Gold Hydrogen Ltd has contracted Terrex for a 2D regional seismic survey over its Ramsay Project in South Australia, targeting natural hydrogen and helium.
  • The survey aims to delineate an extensive hydrogen and helium system in the Yorke Peninsula, supported by Total Seismic for interpretation and data modeling.
  • The company expects to begin the second phase of exploration well testing in early July to determine flow rates and gas accumulation metrics at Ramsay.
  • The detection of free hydrogen during testing would be a positive indicator for the project's future prospects.
Gold Hydrogen Ltd, listed on ASX as GHY, has engaged Terrex to conduct a 2D regional seismic survey over its Ramsay Project in South Australia. The survey, covering approximately 650 line kilometers within the PEL 687 license on the Yorke Peninsula, aims to identify natural hydrogen and helium systems. Total Seismic will support with interpretation and data modeling. The acquisition of modern seismic data, alongside well data, will facilitate the development of a regional geological model and aid in selecting drilling locations. Gold Hydrogen plans to commence the second phase of exploration well testing in early July, focusing on determining flow rates and accumulation metrics. The company aims to lift formation water from each well to facilitate gas flow. The successful detection of free hydrogen during testing would be a positive indication for the project's future. Gold Hydrogen remains optimistic about the outcomes of the Ramsay 2D acquisition project and is committed to exploring the potential of natural hydrogen and helium resources in the region.
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