HYT secures drilling permit for Nemaha Project, USA
Project Name: Nemaha Project
Project Location: USA
Project Stage: Advanced Exploration
ProjectBank Summary:
HyTerra Limited (ASX: HYT) has received a Permit to Drill from the Kansas Corporation Commission for the Sue-Duroche-3 well at its flagship Nemaha Project. The well is sited approximately 200m north of the historic Sue Duroche-2 well, which reported up to 92% hydrogen and 3% helium in 2009. This permit marks a significant milestone as HyTerra advances multiple hydrogen and helium prospects within its extensive lease holdings. The company remains on track for its maiden drilling campaign in Q3 2024, with additional permits being prepared in parallel to support the final selection of drilling sites.
HyTerra Highlights:
Permit to Drill received from the Kansas Regulator for the Sue Duroche-3 well within the flagship Nemaha Project, Kansas.
Well site staked approximately 200m north of the historic Sue Duroche-2 well, which reported up to 92% hydrogen and 3% helium.
Additional Permits to Drill are being prepared for other hydrogen and helium prospects to support the maiden drilling campaign scheduled for Q3 2024.
MD/CEO Statement:
Avon McIntyre, Executive Director, commented: "Securing this drill permit is a crucial milestone. The diversity of geological plays within our 100% owned and operated leases allows us to rank several independent hydrogen and helium prospects for the company’s upcoming exploration program. That means we can drill the highest ranked ones first. Additionally, after an extensive review, we are assessing multiple vendors for drilling and other operational services for the Q3 2024 drilling program."
