First Well Site Selected
Stock | Top End Energy Ltd (TEE.ASX) |
---|---|
Release Time | 13 Mar 2025, 9:02 a.m. |
Price Sensitive | Yes |
Top End Energy Selects First Well Site for Serpentine Natural Hydrogen Project
- Well location selected, guided by structural features and supported by Koloma's exploration data
- Secured surface use agreements with landowners for site surveying and road access
- Well engineering underway, targeting a depth of 5,500 feet in the Precambrian basement
Top End Energy (ASX: TEE) has provided an operational update on its wholly owned Serpentine Natural Hydrogen Project in Kansas, USA. The company has selected the first well location, guided by structural features within the underlying generation zone and supported by newly released data from Koloma's exploration drilling in the natural hydrogen fairway. Top End Energy is currently in discussions with landowners to secure surface use agreements for site surveying and road access. The company is also engaging consultants to commence well design and data acquisition for a targeted total depth of 5,500 feet in the Precambrian basement. Vice President of U.S. Operations, Luke Velterop, expressed his excitement about the progress, noting that the Koloma wells in the immediate project area provide valuable insights to refine Top End Energy's well design, drilling fluid systems, and data acquisition strategy. The company's near-term objectives are to increase its strategic lease holding to 30,000 acres and advance pre-drill preparations ahead of upcoming exploration by other operators in the region. An independent party will be appointed shortly to conduct a prospective resource assessment that will quantify the scale of the opportunity and support prioritizing drilling targets.