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Triple Energy Limited ( (AU:HYT) ) has issued an announcement.
HyTerra Limited has successfully completed the drilling of the Blythe 13-20 well at its Nemaha Project, achieving the target depth on time and within budget without any health, safety, or environmental incidents. The well, which is part of a broader exploration program to unlock natural hydrogen potential in Kansas, has shown promising indications of hydrogen and helium presence. The company plans to convert Blythe 13-20 into an appraisal well and has decided to add a third well, McCoy 1, to the drilling program based on initial observations. This expansion reflects HyTerra’s commitment to advancing its exploration efforts and could potentially enhance its positioning in the hydrogen energy market.
More about Triple Energy Limited
HyTerra Limited operates in the energy sector, focusing on the exploration and development of natural hydrogen resources. The company is primarily engaged in identifying and exploiting hydrogen and helium plays within its Nemaha Project in Kansas, USA, through its subsidiary HYT Operating LLC. HyTerra’s exploration efforts are supported by an investment from Fortescue Future Industries Technologies Pty Ltd.
Average Trading Volume: 1,611,560
Technical Sentiment Signal: Sell
Current Market Cap: A$40.94M
Find detailed analytics on HYT stock on TipRanks’ Stock Analysis page.