Ramsay Project Operational Update: Exploration Well Testing Operations to Commence.
Gold Hydrogen Limited (ASX: GHY) announced the commencement of exploration well testing operations at its Ramsay Project, located on the Yorke Peninsula. This pioneering effort aims to explore and potentially commercialize Natural Hydrogen and Helium, marking a significant advancement in the energy sector.
Key Highlights:
- The operation targets the exploration of Natural Hydrogen and Helium within the non-petroleum system, utilizing the company’s successful Ramsay 1 and Ramsay 2 wells.
- Preliminary drilling results revealed Natural Hydrogen purity up to 86% and Helium concentrations as high as 6.8%.
- Prospective resources are estimated at 1.3 billion kilograms for Natural Hydrogen and 96 billion cubic feet for Helium over the company’s wholly-owned PEL 687 tenure.
- This endeavor represents a considerable opportunity for large-scale resource development, with testing expected to yield initial technical results by April 2024.
Exploration and Operational Insights: The testing operations, managed by SGS Australia, Well Pro, and MPK, will employ advanced flow back testing and gas sampling methodologies. The project’s objectives include obtaining further samples for specialist analysis and attempting to extract both gases to the surface for detailed examination.
Gold Hydrogen Managing Director, Neil McDonald said: “We have found both Natural Hydrogen and Helium in our Ramsay 1 and 2 wells at world class purities, and our prospective resource estimates indicate the potential for very large quantities. We know the gases are there, and the start of exploration well testing operations is a good first step to the potential future commercialisation of both Natural Hydrogen and Helium in this region. We look forward to obtaining more samples and extracting the gases to surface, which will be very valuable data and information for the future appraisal and further development of the project”
Future Directions and Industry Impact: Gold Hydrogen’s initiative is poised to be a cornerstone for future exploration and commercialization strategies, potentially paving the way for the development of new gas resources. The company is also planning a comprehensive work program for 2024, which includes a regional 2D seismic survey and the drilling of additional wells.
Commitment to Sustainable Development: Gold Hydrogen is dedicated to contributing to a sustainable future, aligning its exploration efforts with environmental preservation and the development of clean energy solutions. The company’s work in South Australia signifies its commitment to innovative energy solutions and stakeholder engagement.
About Gold Hydrogen Limited
Gold Hydrogen Limited is at the forefront of discovering and developing world-class Natural Hydrogen and Helium resources. With a focus on the vast potential within South Australia, Gold Hydrogen is spearheading efforts to establish a new energy province, emphasizing collaboration with landholders, traditional owners, and community stakeholders.
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks
