
- WORLD EDITIONAustraliaNorth AmericaWorld
December 13, 2023
HyTerra Ltd (ASX: HYT) (HyTerra or the Company) is pleased to advise that Sproule Incorporated ("Sproule") has completed an independent prospective source assessment of the Company's 100% owned and operated Nemaha Ridge leases in Kansas. Sproule's Independent Resource Report was completed after its extensive review of geophysical, geological and wells data in the area.
Benjamin Mee, Hyterra's Executive Director, commented: "This independent assessment of both prospective hydrogen and helium resources strengthens our confidence in our portfolio as a platform to potentially support the decarbonising of several mature industrial sectors and transport in the mid-West USA, and elsewhere. We will use this resource assessment to rank our drilling targets."
Highlights:
- Hyterra delivers maiden independent Prospective Resource estimate of hydrogen and helium within 100% held Project Nemaha leases in Kansas, USA
- P50 New Hydrogen Prospective Resource is 100.2 BCF (237,543 tonnes) with a minimum (P90) of 47.1 BCF (111,738 tonnes) and a maximum (P10) of 238.4 BCF (565,390 tonnes)*
- P50 volume of Helium Prospective Resources is 0.47 BCF with a P90 volume of 0.04 BCF and a P10 volume of 1.63 BCF
- Prospective Resources anticipated to increase a leasing of acreage in the play continues
- Assessment carried out by respected global energy consulting firm, Sproule, and will assist in ranking existing drilling prospects
- Prospective Resources areas are surrounded by mature industrial production facilities and interconnected railroads and highways
PORTFOLIO
Hyterra is focused on the early discovery and development of natural hydrogen and has established a major presence in potentially one of the world's most prolific natural hydrogen in the Mid-West of the USA.
Hyterra's Project Geneva (Nebraska) and Project Nemaha (Kansas) are situated respectively on the western and eastern margins of the Mid-Continent Rift System, an iron-rich band of rocks underlying the Salina Basin widely considered to be the source of multiple historic hydrogen occurrences. In addition to a 16% working interest in the Joint Development Agreement with Natural Hydrogen Energy LLC (the Operator) for Nebraska, the Company has 100% owned and operated lease holdings at Nemaha Ridge, which now spans 9,607 net acres across Riley, Geary and Morris Counties in Kansas calibrated by a geological model and historical wells with occurrences of natural hydrogen and helium. The Company has identified multiple targets covering a diverse range of geological plays for natural hydrogen and helium exploration.
In addition to being prospective for hydrogen, the Nemaha Ridge is cored by Precambrian granites which are capable of generating helium and the elements required for a helium system are present. These are documents occurrences of helium within the play area and further along the Nemaha Ridge. These published occurrences are in the Precambrian formations penetrated in the Sue Duroche #2 well with a helium percentage of approximately 3%, and helium of approximately 0.9% reported in various tests from the Heins #1 well in Geary County1.
Click here for the full ASX Release
This article includes content from Hyterra Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
13h
Cespira Signs Agreement to Supply Components for a Customer Truck Trial
Westport Fuel Systems Inc. ("Westport") (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, announced today that Cespira, Westport's joint venture with the Volvo Group, has signed an agreement with and received full payment from... Keep Reading...
09 October
5 Best-performing Canadian Oil and Gas Stocks of 2025
Oil prices weakened in Q3 as global supply outpaced demand and inventories swelled.Brent crude fell 1.7 percent to end the quarter at US$65.90 per barrel, while West Texas Intermediate dropped to US$62.33. Deloitte’s latest energy report attributes the decline to rising stockpiles and OPEC+’s... Keep Reading...
09 October
Valeura Energy Inc Announces Q3 2025 Operations and Financial Update
Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to provide an update on Q3 2025 operations, including the results of a ten-well drilling campaign at its Nong Yao field on block G11/48 (90% operated working interest), offshore Gulf of Thailand.Key HighlightsSafe... Keep Reading...
07 October
Oil and Gas Price Update: Q3 2025 in Review
The oil market struggled in Q3 as prices continued to soften under mounting supply pressure. Following moderate gains in H1, prices contracted to end the third quarter lower than their July 1 start positions. Brent crude began the period at US$67.10 per barrel and finished at US$65.90, a 1.7... Keep Reading...
07 October
Alvopetro Announces September 2025 Sales Volumes, Quarterly Natural Gas Price Update, Non-Core Disposition and Western Canadian Expansion
Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces September sales volumes of 2,231 boepd (based on field estimates), our updated quarterly natural gas pricing, the disposition of our Bom Lugar and Mãe da Lua marginal oil fields in Brazil an expansion of our inventory of... Keep Reading...
02 October
Valeura Energy
Valeura Energy Inc. is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00