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The latest update is out from Triple Energy Limited ( (AU:HYT) ).
HyTerra Limited has announced an operational update for its Nemaha Project, highlighting the mobilization of Murfin Rig 116 to the McCoy 1 site, with drilling expected to commence later this week. This marks a strategic shift for the company from replicating historical wells to using data-driven methods for selecting drilling sites, leveraging their proprietary technology and geological insights. Additionally, the company is converting Blythe 13-20 into an appraisal well, which will aid in designing an initial testing program. These developments are part of an expanded drilling program funded by Fortescue Future Industries Technologies Pty Ltd, potentially enhancing HyTerra’s operational capabilities and market positioning.
More about Triple Energy Limited
HyTerra Limited is a company operating in the energy sector, focusing on exploration and drilling projects. The company is involved in the development of wells, utilizing advanced geological understanding and proprietary technology to identify promising drilling locations. HyTerra is actively engaged in projects such as the Nemaha Project in Kansas, USA, with funding support from Fortescue Future Industries Technologies Pty Ltd.
Average Trading Volume: 2,014,868
Technical Sentiment Signal: Sell
Current Market Cap: A$38.31M
For detailed information about HYT stock, go to TipRanks’ Stock Analysis page.