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Triple Energy Limited ( (AU:HYT) ) has provided an update.
HyTerra Limited has successfully drilled the McCoy 1 exploration well to a depth of 5,562 feet, marking a significant milestone as the company shifts from historical well twinning to selecting locations based on advanced geological and geophysical data. The well, located near the Interstate Highway I70, detected elevated hydrogen and helium levels, with samples sent for laboratory verification. This development is part of a broader exploration program funded by Fortescue Future Industries Technologies, and it highlights HyTerra’s strategic focus on leveraging proprietary data for efficient resource extraction, potentially enhancing its industry positioning and stakeholder value.
More about Triple Energy Limited
HyTerra Limited is an energy company focused on exploration and development of hydrogen and helium resources. The company operates in the Nemaha Project in Kansas, USA, and has recently drilled three wells in the area. HyTerra is committed to safe, data-driven, and methodical approaches in its exploration activities.
Average Trading Volume: 2,014,862
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.69M
Find detailed analytics on HYT stock on TipRanks’ Stock Analysis page.