HyTerra (ASX:HYT) expand Nemaha Ridge hydrogen

HyTerra have upped its fully owned Nemaha Ridge territory to 9486 fully owned Kansas acres after the return of interpreted airborne gravity gradiometry and magnetic data over the natural hydrogen play and its surrounding area.

The interpreted imaging will be key for an independent resource assessment and to guide a lease acquisition strategy for the first ASX-listed player to focus solely natural hydrogen.

As one of few companies targeting natural hydrogen in the mid-west region, HyTerra aim to keep growing its early mover position in the United States with an approach fine-tuned to its geological model and historical occurrences of a natural hydrogen resource with limitless potential.

And HyTerra could be closer to market than expected, with a known hydrogen source adjacent to the major structural high of Nemaha Ridge providing a focus for hydrogen migration and trapping close to the infrastructure that provides an easy pathway for offtake.

HyTerra has obtained the licenses to explore and develop its assets in the Sunflower State through its US-based subsidiary, and several drilling and operational consultants have already been engaged to begin its next stage of exploration.

Expanding hydrogen

Early success at the company’s Project Geneva JV in Nebraska spurred HyTerra to expand its scope into fully owned territory and the company is awaiting key data from the Operator before making a joint decision on flow testing and the forward work program.

Last year’s energy crisis has not abated, and with security and climate goals at the forefront of global energy concerns, the U.S. has issued its first Clean Hydrogen Strategy and Roadmap, seeking to accelerate production, processing, delivery, storage and use of the energy source – a strategy aligned with HyTerra’s own as it looks to tap into the fast-emerging market.

An excerpt of the Total Magnetic Intensity data

HyTerra’s Kansas acreage and distribution of US hydrogen occurrences

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HYTERRA FPO [HYT]

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HYTERRA FPO [HYT]

Sector: Energy

Industry: Oil & Gas E&P

Employees:

Hyterra Ltd focuses on the exploration and production of natural hydrogen in the United States of America. The company has an interest in a joint venture that includes a wildcat well targeting natural hydrogen in Nebraska, the United States. It also holds interest in the Nemaha Ridge project located in Kansas, the United States. The company was incorporated in 2010 and is headquartered in Subiaco, Australia.

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