top of page
Search

HyTerra Q2'24 Results

  • AKAP
  • Jul 30, 2024
  • 1 min read

HyTerra reported advancements during Q2'24, securing funding for its upcoming exploration drilling campaign through a successful placement and underwritten rights issue, raising ~A$6.1mm. The company expanded its lease holdings in the 100% owned Nemaha Project by over 30%. Post quarter, drilling operations are scheduled to commence in early Sep'24 at the Nemaha project, with Murfin Drilling Company appointed as the drilling contractor and permits received for the Sue Duroche-3 and Blythe 13-20 wells, targeting deeper formations. Additionally, Dr. Dirk Smit, former Chief Scientist of Shell, was appointed as Chief Geophysicist. The company ended the quarter with a cash balance of A$5.5mm.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All
Renergen Sees Wider Interim Loss on One-Off Costs

Renergen expects a wider interim loss for H1 FY26, with headline losses per share forecast between 87c and 96c, up from 46c a year earlier, reflecting one-off merger costs with ASP Isotopes, higher de

 
 
bottom of page