Gold Hydrogen receives first key approvals ahead of Ramsay 1 drilling
September 28, 2023 at 03:01 pm EDT
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Gold Hydrogen Ltd (ASX:GHY) MD Neil McDonald tells Proactive the company has received the first of its staged approvals from the South Australian Government Department of Energy and Mines to commence site operations and construction of the Ramsay 1 well site drilling pad. Rig mobilisation is planned for the second week of October, and the company is on track to spud Australia’s first dedicated natural hydrogen well in mid-October. Meanwhile, an independent reservoir rock characterisation study has revealed promising geological parameters for hydrogen generation and storage at the Ramsay project. The study analysed 34 samples and found hydrogen presence in 31, confirming hydrogen can be stored and transported in the rock matrix.
Gold Hydrogen is focused on the discovery and development of world class natural hydrogen gas in a potentially extensive natural hydrogen province in South Australia. This region has only recently had its natural hydrogen potential identified by the Company. The domestic and global demand for hydrogen, combined with new natural hydrogen exploration techniques and experienced personnel, provides Gold Hydrogen with an extraordinary opportunity to define and ultimately develop a new natural hydrogen gas province.
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Gold Hydrogen Limited is an Australia-based company. The Company is engaged in discovery and development of natural hydrogen gas in a potentially extensive natural hydrogen province in South Australia. It holds one granted Petroleum Exploration License (PEL) in South Australia (PEL 687) that covers approximately 7,820-kilometer square (km2) on the Yorke Peninsula and Kangaroo Island in South Australia. The Company is undertaking the Ramsay Project on PEL 687. The Company either directly or through its subsidiaries has rights in respect of an additional seven PELAs, which have a total area size of approximately 67,512 km2 and four GSELAs in South Australia, which have a total area size of approximately 8,107 km2 and is considered prospective for natural hydrogen exploration and storage.