Thor Energy (AIM, ASX: THR, OTCQB: THORF) is pleased to announce that it has received an offer from the South Australian Department for Energy and Mining to be granted three Gas Storage Exploration Licences: GSEL 804, GSEL 805, and GSEL 806, which has been formally accepted.
HIGHLIGHTS
• Thor Energy’s subsidiary, Go Exploration Pty Ltd, has been offered and has accepted three new Gas
Storage Exploration Licences (GSELs 804, 805, and 806) by the South Australian Government
• Licences strategically located in a region with potential for significant gas storage solutions
• Grant of these licences aligns with the Company’s strategy to explore and develop energy resources
in key Australian jurisdictions
We are delighted to receive the offer for these Gas Storage Exploration Licences, which are located adjacent to the City of Adelaide and collectively cover an expansive area of more than 6300km. These licences are contiguous with and substantially augment our South Australian natural hydrogen exploration portfolio. This defines a significant step in our strategy to explore in depth the diverse energy solutions that can support Australia's energy security and transition.
The potential for gas storage in this region of South Australia is substantial, and we look forward to working with both the South Australian Government and local stakeholders as we progress our exploration programmes. We will now execute the licence documents by formally accepting the offer.
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