Gold Hydrogen rush points to site for first hydrogen gas well

Natural hydrogen developer Gold Hydrogen has received interpretations from recent airborne geophysical surveys of the Yorke Peninsula in South Australia which may point to the sites for the company’s first exploration wells.

Green Hydrogen is considered a leader in a new hydrogen gold rush in South Australia where 18 exploration licenses have been applied for or granted by six different companies.

Natural hydrogen is a natural occurrence through normal geologic activity and can be found widely in various geologies underground.

Overlooked to date in the search for oil and natural gas which contains methane, the hunt is on for natural deposits which could potentially be easily be tapped to provide a ready source of clean hydrogen fuel.

According to consultancy EnergyQuest the area in SA under exploration permit equates to around 570,000 square kilometres (km2) or 32 percent of the state.

Gold Hydrogen is considered among the most prospective of companies as it plans to drill in the southern Yorke Peninsula/Kangaroo Island region where large amounts of underground hydrogen were discovered in Ramsay Oil Bore 1 in 1931.

Yesterday Gold Hydrogen told investors the survey results across its Ramsay project site were expected to enhance subsurface understanding for the distribution of natural hydrogen source rocks.

Gravity-magnetic-digital terrain geophysical surveys were flown by Xcalibur Multiphysics over the peninsula component of the project.

By identifying subsurface structures and stratigraphy these would help mature leads to prospects, according to the announcement.

“The data is an essential component for the subsurface model of where hydrogen may be coming from, as well as potential migration routes.

“Importantly the data also supports the selection of the first well location.”

The company said planning continued for the execution of the company’s maiden drill programme expected to commence in October, 2023.

Gold Hydrogen estimates prospective natural hydrogen resources of 1.3 billion kilogrammes for the Ramsay project.

Image: Gold Hydrogen/airborne geophysical survey