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Pure Hydrogen (ASX:PH2) share price is falls 5% despite positive update
Pure Hydrogen (ASX:PH2) share price is falls 5% despite positive update Aaron Teboneras © Provided by The Motley Fool A woman with big hair reacts in shock, indicating a massive share prise fall The Pure Hydrogen Corporation CDI (ASX: PH2) share price is sliding during early-afternoon trade. This comes despite the company announcing an update on the Serowe Project in Botswana. At the time of writing, the oil and gas exploration company’s shares are fetching for 24 cents, down 5.88%. What did Pure Hydrogen announce? Investors are dragging Pure Hydrogen shares down today regardless of the company’s latest progress report. According to its release, Pure Hydrogen advised that its joint venture partner, BotsGas will commence spudding this week. The drilling campaign in Project Serowe aims to confirm geological modelling of the area to extract coal bed methane (CBM).
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Pure Hydrogen about to commence appraisal drilling in Botswana as part of its global hydrogen ambitions
Pure Hydrogen about to commence appraisal drilling in Botswana as part of its global hydrogen ambitions Stockhead 2 hrs ago © Stockhead Australia East Coast hydrogen provider, Serowe Project The appraisal drilling announced today has come at the perfect time, as gas prices in Botswana are very high at the moment. Clean energy company Pure Hydrogen (ASX:PH2) is about to begin appraisal drilling in its coalbed methane project in Botswana. The company says that its joint venture partner, BotsGas, is about to spud the first of a six-well appraisal drilling campaign at Project Serowe within the next few days. The drilling campaign will consist of two separate stages of three appraisal wells each, and is done to confirm the geological modelling, as well as to demonstrate the uniformity of the formation for coal bed methane (cbm) extraction.
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