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Hydrocarbon Dynamics Limited (ASX:HCD)

ALERT: Price-sensitive ASX Announcement for HCD
Current share price for HCD : $0.003 0.001 (50%)+
Announcement
Release
28 Oct 2025 5:18PM
Price at Release
$0.002
Full Release
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Summary
Hydrocarbon Dynamics Limited (HCD) reported on its quarterly activities and cash flow as of September 30, 2025. Key activities included the re-commencement of trials in the North Sea, small sales to a Californian operator, and exploration of new opportunities in Canada, Indonesia, and Pakistan. Financially, the company completed a fully underwritten Rights Issue raising $718,741 and ended the quarter with $987,000 in cash and no debt. HCD continues to progress sales and trials of its products and technologies, particularly focusing on paraffin control treatments in the Cooper Basin, Australia, and paraffin inhibition in California. The company also explored a joint venture with Arrow Exploration in the Montney play, Canada, and evaluated new investment opportunities in the energy sector, including uranium.
Key Points
  • North Sea trial resumed with positive early feedback.
  • Sales to a Californian operator for paraffin inhibition.
  • Joint venture to assess Montney oil and gas in Canada.
  • Fully underwritten Rights Issue raised $718,741.
  • Cash reserves of $987,000 at the quarter's end.
  • Ongoing trials and sales of HCD products globally.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.