HyTerra Ltd (ASX:HYT) is moving closer to drilling its first well on its leases on the Nemaha Ridge, a natural hydrogen play fairway in Kansas, USA, with general approval of a drill site granted and well drilling plans nearing completion.
Key service providers for the drilling have been aligned with the company intending to spud its first operated well in the coming months, subject to securing funding.
About HyTerra
HyTerra is the first ASX-listed company with a focus on pioneering the exploration and production of natural hydrogen.
As well as the 100%-owned and operated leases on the Nemaha Ridge in Kansas, the company has a non-operated interest in a joint development with Natural Hydrogen Energy LLC.
Drilling plans
A key step in the company’s planning for upcoming drilling is general approval of a site for the well.
Planning for well drilling is continuing with this work nearing completion.
Another component is the vendor bidding for the main operational services, including well cost estimates, and these bids have been provided.
A company representative will this month visit key locations and meet with stakeholders, consultants and contractors to finalise operational readiness.
Lease holdings
This progress comes as the company continues to grow its owned and operated lease holdings at Nemaha Ridge, which now spans more than 9,500 acres across Riley, Geary and Morris counties.
Within these areas, HyTerra has identified multiple targets covering a diverse range of geological plays for natural hydrogen exploration and appraisal.
