Further to the announcement made on 30 October 2024, Thor Energy plc (AIM, ASX: THR) is pleased to announce that Go Exploration, in which Thor has an 80.2% interest has successfully applied to convert the petroleum exploration licence (PEL 120) into a regulated substance exploration licence (RSEL 802) offered by the Department for Energy and Mining in South Australia.
A regulated substance exploration license (“RSEL”) grants the licensee the right to conduct exploratory operations for regulated substances, including hydrogen and helium, within a defined area. The grant of an RSEL “cures” a limitation that applies to petroleum exploration licences (“PEL”) granted before an amendment to the Petroleum and Geothermal Energy Regulations 2013 implemented in February 2021, which would otherwise not permit the licensee to explore for hydrogen.
Go Exploration will now progress to planning and executing the initial exploration phase. Thor will update the market as and when appropriate regarding the progress.
The RSEL 802 offer is a pivotal development for our hydrogen project. With the results of our prospective natural hydrogen and helium resource assessment expected to be released to the market in the coming weeks, we are moving swiftly to finalise the licence and begin exploration, confident in the area's potential.
LATEST
NEWS
Conversion of Petroleum Exploration Licence to Regulated Substance Exploration Licence
Thor Energy plc (AIM, ASX: THR, OTCQB: THORF) is pleased to announce that has successfully applied to convert the petroleum exploration licence (PEL 120) into a regulated substance exploration licence (RSEL 802) offered by the Department for Energy and Mining in South Australia.
Acquisition of PEL120 Hydrogen Project Completed
Thor Energy has completed the acquisition of 80.2% of white hydrogen and helium explorer Go Exploration
New Managing Director – Andrew Hume
The directors of Thor Energy Plc (“Thor”) (AIM, ASX: THR, OTC: THORF) are pleased to announce the appointment of Mr Andrew Hume as Managing Director.
Commencement of Prospective Natural Hydrogen Resource Assessment at PEL120 Project
Thor Energy has anounced the conditional acquisition of 80.2% of white hydrogen and helium explorer Go Exploration
New Board Appointment – Lincoln Moore
The directors of Thor Energy Plc (“Thor”) (AIM, ASX: THR, OTC: THORF) are pleased to announce the appointment of Mr Lincoln Moore as Non-Executive Director.
Uranium Drilling Commences at Wedding Bell Project
Drilling has commenced at Groundhog Prospect, on the Company’s 100% owned Wedding Bell Project, located in the uranium-vanadium
mining district of the Uravan Mineral Belt, southwest Colorado, USA.