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Hyterra Ltd (ASX:HYT)
ALERT: Price-sensitive ASX Announcement for HYT
Current share price for HYT : $0.007 -0.019 (-73.08%)+
Release
8 Oct 2025 9:48AM
Price at Release
$0.026
Full Release
Summary
HyTerra Ltd reported elevated hydrogen and helium gas shows during the swabbing operations of the McCoy 1 well in the Project Nemaha acreage. This was the first non-twinned well drilled by HyTerra, reaching a total depth of 5,562 feet. Real-time gas monitoring indicated promising results, prompting the company to plan a production test for 2026 after the winter season to further assess the dynamic flow potential and obtain representative gas compositions. Additional wellhead gas samples from nearby wells were analyzed, confirming the presence of geologic hydrogen and helium.
Key Points
- Elevated hydrogen and helium gas shows recorded in McCoy 1.
- HyTerra plans a production test for 2026 after the winter season.
- The McCoy 1 well is HyTerra's first non-twinned well.
- Real-time gas monitoring showed promising results.
- Gas samples from nearby wells confirmed geologic hydrogen and helium presence.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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