Gold Hydrogen Limited (ASX:GHY) has announced the completion of the Ramsay 2 well, revealing very high hydrogen concentrations of up to 86% and world-class helium concentrations of 6.8% in the Parara and Kulpara formations. The company's Managing Director, Neil McDonald, expressed excitement over the potential of the Ramsay Project to become a world-class natural hydrogen and helium development.
Gold Hydrogen's Managing Director, Neil McDonald, described the hydrogen and helium results from Ramsay 2 as 'truly world-class and groundbreaking.' He emphasized the significance of confirming and validating historical results, identifying multiple target zones for both hydrogen and helium, and the potential for significant advancements in the energy sector.
The completion of the Ramsay 2 well by Gold Hydrogen (ASX:GHY) has unveiled very high hydrogen and helium concentrations, indicating the potential for a world-class natural hydrogen and helium development. The company's ambitions to achieve Australia's first-ever natural hydrogen and helium project are supported by the promising results. Further exploration, analysis, and future flow testing will be crucial in establishing the commercial viability of the hydrogen and helium plays at the Ramsay Project.