Thor Energy PLC (ASX:THR) Converts Exploration Licence
Licence Conversion
Thor Energy PLC (ASX:THR) announced the conversion of its Petroleum Exploration Licence (PEL 120) into a Regulated Substance Exploration Licence (RSEL 802). This conversion allows Thor’s subsidiary, Go Exploration Pty Ltd, which holds an 80.2% interest, to conduct exploratory operations for regulated substances, including hydrogen and helium.
Exploration Plans
With the RSEL in place, Go Exploration will proceed to plan and execute the initial exploration phase. Thor Energy PLC will provide updates on the progress of these exploration activities as appropriate.
Executive Comments
Andrew Hume, Managing Director, stated, “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.”
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