Location of PEL120 Project and nearby discoveries
PROJECT NAME:
LOCATION:
TARGET:
OWNERSHIP:
PEL120
South Australia
Hydrogen, Helium
80.2% owned by Thor energy PLC
In February 2025, Thor Energy acquired 80.2% of white hydrogen and helium explorer Go Exploration. Go Exploration holds one of only four granted hydrogen and helium exploration licences in South Australia (PEL 120) and strategic, high potential application areas covered by applications (PELAs 697 and 709).
The PEL120 project is a central part of Thor Energy’s strategy of focussing on developing resources for the ‘clean’ energy economy.
Location of PEL120 Project and nearby discoveries
PROJECT NAME:
LOCATION:
TARGET:
OWNERSHIP:
PEL120
South Australia
Hydrogen, Helium
80.2% owned by Thor energy PLC
After a thorough due diligence process, the Board of Thor considers South Australia to be the premier address for natural hydrogen and helium in Australia and globally. PEL 120 is located near the notable Gold Hydrogen Limited Ramsay-1 and Ramsay-2 hydrogen and helium discoveries.
This is a truly transformative acquisition for Thor Energy. The addition of Go Exploration's highly prospective hydrogen and helium licences, particularly the granted licence PEL 120 with its proximity to recent significant discoveries, positions Thor at the forefront of natural hydrogen and helium exploration in Australia. We are incredibly excited about the potential of these assets, especially as we look forward to the upcoming resource statement, and the opportunity to rapidly advance exploration and development. This acquisition aligns perfectly with our strategic focus on clean energy resources and significantly strengthens our portfolio. We welcome the Go Exploration team and look forward to working together to unlock the immense value of these projects for our shareholders.