Gold Hydrogen to Begin Helium Flow Testing at South Australia Well; Shares Rise 4%

MT Newswires Live07-23 11:32

Gold Hydrogen (ASX:GHY) said the flow testing program at its Ramsay 1 well is set to begin imminently after a brief delay caused by equipment damage during transport, according to a Thursday Australian bourse filing.

The repaired testing equipment has been installed at the Ramsay 1 site, leaving the well fully prepared for the planned flow testing program to evaluate helium-bearing reservoirs at the Ramsay Project, per the filing.

The company will also undertake isotopic analysis of helium and helium-3 in collaboration with the Commonwealth Scientific and Industrial Research Organization and the University of Oxford, while noting that the testing does not guarantee commercially recoverable quantities of either gas, the filing added.

The company's shares rose 4% in recent Thursday trade.

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