HyTerra Receives Approval for White Hydrogen Drilling Program Expansion in the USA
Key Ideas
  • HyTerra, the first white hydrogen-focused company on the ASX, received approval for drilling at its Nemaha project in the USA.
  • The company's Sue-Duroche-3 prospect, near a historic well reporting high hydrogen and helium levels, is part of an extensive portfolio of drilling candidates.
  • HyTerra's expansion in Wabaunsee County and potential local offtake buyers highlight the growth and market opportunities for white hydrogen in the region.
HyTerra, listed on the ASX with a focus on white hydrogen, has obtained a drilling permit from the Kansas Corporation Commission to explore for hydrogen and helium at its flagship Nemaha project in the USA. The company plans to drill the Sue-Duroche-3 well, located north of the Sue-Duroche-2 well, known for high hydrogen and helium content. HyTerra's director mentioned the continuous advancement of drilling candidates within their acreage, aiming to prioritize the most promising prospects. The company is also evaluating vendors for the upcoming drilling program scheduled for Q3 2024. White hydrogen, a non-polluting form of hydrogen produced through natural processes, presents cost advantages over industrial hydrogen. HyTerra has identified potential local buyers for any commercial hydrogen and helium discoveries, given the significant market for ammonia production in the vicinity. The recent expansion of the Nemaha project through acquisition of exploration leases in Wabaunsee County aligns geologically with existing wells, supported by seismic data and geophysical surveys. These developments indicate a positive outlook for HyTerra's growth and the potential of white hydrogen exploration in the region.
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