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Triple Energy Limited ( (AU:HYT) ) just unveiled an announcement.
HyTerra Limited has commenced drilling at the Blythe 13-20 well in Kansas as part of its Nemaha Project. This initiative is part of a broader 12-month exploration program aimed at unlocking the potential of natural hydrogen in the region. The Blythe 13-20 well is strategically located near historical hydrogen occurrences and is designed to test new geological plays. The company plans to evaluate hydrogen and helium concentrations and assess reservoir quality, with the potential to drill a third well based on initial findings. Successful results could lead to further monitoring and development activities, reinforcing HyTerra’s position in the hydrogen exploration industry.
More about Triple Energy Limited
HyTerra Limited is a company operating in the energy sector, focusing on the exploration and development of natural (white) hydrogen resources. The company is engaged in a comprehensive exploration program in Kansas, USA, through its subsidiary HYT Operating LLC, with funding from Fortescue Future Industries Technologies Pty Ltd.
Average Trading Volume: 1,425,544
Technical Sentiment Signal: Sell
Current Market Cap: A$53.92M
See more insights into HYT stock on TipRanks’ Stock Analysis page.