Significant concentrations of hydrogen and helium have been encountered in sections of the Ramsay 1 well, confirming historic measurement and demonstrating an active hydrogen system in the Ramsay Project area, the Gold Hydrogen announced on 31 October.
Testing and laboratory results measured air-corrected hydrogen at 73.3% at 240m below ground level, consistent with the 76% air-corrected concentration of hydrogen reported in the Ramsay Oil Bore 1 in 1931. These measurements validate historical results, and confirm the presence of a hydrogen play at shallow depths in the Ramsay Project area.
A major connected fracture zone was encountered in the Parara limestone, which is key for the migration of hydrogen from deeper sources to shallow zones.
Helium was also detected with an air-corrected content of 3.6% at 892mMD depth. This is a relatively high concentration of helium which is a rare and valuable resource, and if found in commercial grades and quantities, could be a significant value-add to the Ramsay Project. Globally there are projects producing helium at < 1% due to its high commercial value.
The Ramsay 1 well was drilled to a depth of 1,005m on time, under budget and with no HSE incidents.
Following the suspension of the Ramsay 1 well, and whilst drilling and sampling results continue to be analysed and further testing is being considered, the Company is preparing to drill the Ramsay 2 well to further appraise the Ramsay Project’s Prospective Resource (refer Table 2). The Ramsay 2 well is expected to spud in mid-November.
Managing Director Neil McDonald hailed the test results: “It is incredibly exciting that we have replicated the results of 100 years ago at 240m. With the additional find of helium, which could be a significant value-add to the project, we view these results as being better than planned.”
On photo of Gold Hydrogen it’s managing director Neil McDonald on site with the drilling rig in South Australia.
Press release
