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- Australian energy Company Pure Hydrogen Corporation (PH2) has begun drilling operations at its second well of six on the Serowe Project in Botswana
- The Serowe-3 coalbed methane well has been spudded and is currently at a depth of 47 metres towards a target depth of 500 metres
- However, there have been some delays in drilling due to COVID restrictions that apply in Botswana
- Drilling of Serowe-4 is likely to take place in about two months
- Pure Hydrogen is up 2.56 per cent, trading at 20 cents per share at 1:30 pm AEST
Pure Hydrogen Corporation (PH2) has begun drilling, or has spudded, its second well out of six on the Serowe Project in Botswana.
The Serowe-3 coalbed methane (CBM) well was spudded and is currently at a depth of 47 metres towards a target depth of 500 metres.
Notably, this is the second well of a six-well appraisal drilling campaign at the project.
Serowe-2 was drilled to a total depth of 350 metres and now, following logging, has intersected coal seams in line with pre-drilling estimates.
However, there have been some delays in drilling due to COVID restrictions that apply in Botswana.
Pure Hydrogen has been advised by the operator that following the drilling of the second well, the team will have a temporary break.
Drilling of Serowe-4 is likely to take place in about two months.
Managing Director Scott Brown said the company was encouraged by the initial interpretation of the Serowe-2 well.
“This is a good outcome and we expect to report on further testing here with our plans to complete the well in the near-term,” he said.
“Spudding Serowe-3 reflects our ongoing confidence in the project and we look forward to updating shareholders on progress as our program unfolds.”
Pure Hydrogen was up 2.56 per cent on the market, trading at 20 cents per share at 1:30 pm AEST.
