HYT secures drilling contract for Nemaha Project, USA

Project Name: Nemaha Project
Project Location: Kansas, USA
Project Stage: Advanced Exploration

ProjectBank Summary:
HyTerra Limited (ASX: HYT) has signed a drilling contract with Murfin Drilling Company, Inc. for the Nemaha Project in Kansas, USA. The drilling operations are set to commence by mid-September 2024. The contract covers the drilling of wells Sue Duroche 3 and Blythe 13-20, both situated near historic hydrogen and helium wells. Murfin Drilling, a reputable firm with nearly a century of experience and over 20,000 wells drilled, will handle the operations. Permits for the initial wells have been received, and preparations for further drilling permits are underway. HyTerra's team will be onsite to finalize safety and operational details before the commencement.

HyTerra Limited Highlights:

• Drilling operations set to begin by mid-September 2024.

• Murfin Drilling Company selected as the contractor, renowned for drilling over 20,000 wells.

• Initial permits for Sue Duroche 3 and Blythe 13-20 received, with additional permits in progress.

• Operational readiness includes finalizing safety requirements and securing vendor bids for well cost estimates.

MD/CEO Statement:
Avon McIntyre, Executive Director and Chief Technical Officer, commented: "Murfin are widely recognised as the largest drilling and well services contractor in Kansas and we are very pleased to be working with a top-tier partner. The historical hydrogen and helium occurrences only tested the upper parts of the prognosed hydrogen and helium system and therefore we need to drill deeper into the rocks below which we predict are the primary targets with better geological properties for hydrogen and helium. The countdown to drilling and unlocking the potential of the Nemaha Project has now begun."