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Hyterra Ltd (ASX:HYT)

ALERT: Price-sensitive ASX Announcement for HYT
Current share price for HYT : $0.004 -0.01 (-71.43%)+
Announcement
Release
4 Aug 2026 9:22AM
Price at Release
$0.014
Full Release
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Summary
Hyterra Ltd is advancing its exploration efforts with a focus on the McCoy-1 well in Kansas, USA. The company is analyzing data from this site, including gas composition and flow rates, to evaluate further development within the Ridge Play and other portfolio opportunities. The McCoy-1 well, which penetrated Precambrian gneiss, showed promising results in its production tests, yielding methane and other gases, along with water recovery. Hyterra continues to seek growth opportunities in line with its strategic plan, both in the US and internationally.
Key Points
  • HyTerra plans to integrate and interpret data from McCoy-1 regarding gas composition, pressure, flow rate, and reservoir details.
  • The company is assessing the potential for further appraisal activities for McCoy-1 and other opportunities within the Ridge Play.
  • HyTerra aims to continue ranking and maturing other portfolio opportunities, including the Rift Play.
  • The focus will be on progressing growth opportunities in the US and internationally, aligning with its Strategic Plan.
  • McCoy-1 is an exploration well located in Kansas, USA, with a depth of 4,900-5,562 feet, drilled into Precambrian gneiss.
  • Production flow test results show methane and other gases with a flow rate of 0.1 Mscf/d.
  • The company recovered water at a rate of 300 barrels per day during testing.
  • Non-hydrocarbon gases measured include helium, hydrogen, nitrogen, carbon dioxide, and oxygen.
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.