Highlights:
- Ramsay 2D regional seismic survey commenced over the Company’s flagship Ramsay Project, within PEL 687 on the Yorke Peninsula in South Australia.
- The seismic survey will be over approximately 650 line kilometres, and is being undertaken by Terrex, one of Australia’s leading onshore seismic survey acquisition specialists. Total Seismic has been contracted to assist the Company with the project management and interpretation of survey data.
- The aim of the seismic survey is to delineate an extensive and regional Natural Hydrogen and Helium system, which was penetrated by the Ramsay 1 and Ramsay 2 wells.
- 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.
- Stage 2 of the exploration well testing program is planned to commence in early-July 2024.
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