HIGHLIGHTS FOR THE MARCH QUARTER
- Stage 1 of exploration well testing confirms Natural Hydrogen and Helium results encountered during drilling, with both Natural Hydrogen and Helium detected at surface.
- Natural Hydrogen levels up to 95.8% (air-corrected) encountered across 7 zones in Ramsay 2, with the highest purity result recorded at 531m depth.
- Helium levels up to 17.5% (air-corrected) encountered in Ramsay 2, with the highest purity result recorded at 777.5m.
- A 180m thick Helium pay zone was identified as part of the exploration well testing program at Ramsay 2, as outlined in Figure 2.
- Stage 2 of exploration well testing commenced afterthe end of the Quarter, and continues to focus onlifting formation water from each well through tubing to the surface with the intention to facilitate gas flow to surface.
- Ramsay 2D regional seismic survey commenced over the Company’s flagship Ramsay Project, within PEL 687 on the Yorke Peninsula in South Australia. The survey has been conducted by Terrex, and was completed shortly after the end of the Quarter, covering approximately 570 line kilometres.
- The analysis and interpretation of the Ramsay 2D seismic survey data – together with the results from its stage 1 and stage 2 exploration well testing program – will assist the Company to optimize future drilling locations and well designs across the Yorke Peninsula.
Click here to view the full PDF of the Quarterly Activities Report. Click here to view the full PDF of the Appendix 5B Quarterly Cash Flow Report.