REG - Thor Energy PLC - Gas Storage Exploration Licences - South Australia

Thor EnergyAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250616:nRSP8791Ma&default-theme=true

RNS Number : 8791M  Thor Energy PLC  16 June 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

16 June 2025

 

Thor Energy PLC

 

("Thor" or the "Company")

 

Gas Storage Exploration Licences, South Australia

 

Thor Energy plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) is pleased to announce
that its subsidiary, Go Exploration Pty Ltd ("Go Exploration"), has received
an offer from the South Australian Department for Energy and Mining to be
granted three Gas Storage Exploration Licences ("GSEL"): 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.

This offer follows an application made by Go Exploration on 23 August 2024.
The GSELs provide the exclusive right to explore for subsurface sites suitable
for development as underground gas storage facilities within the licence
areas.

 

The licences are granted under the Energy Resources Act 2000 (SA) (the "Act)
and will be effective upon execution of the licence documents. The offer is
valid for 14 days from the date of the offer letter, 12 June 2025.

 

The GSELs are granted for an initial term, expiring on 1 July 2025, with a
right for one further renewal term, subject to compliance with the Act. The
Company intends to exercise this right and safeguard these licences for an
additional five years (until mid-2030) to allow the assessment of gas storage
potential.

 

The licences are illustrated in Figure 1, and their boundaries are outlined in
Appendices 1-3.

 

Managing Director, Andrew Hume, commented:

"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(2). 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."

The Board of Thor Energy Plc has approved this announcement and authorised its release.

 

For further information on the Company, please visit the website
(https://thorenergyplc.com/)  or please contact the following:

 

Thor Energy PLC

Andrew Hume, Managing Director

Alastair Clayton, Executive Chairman

Rowan Harland, Company Secretary

Tel: +61 (8) 6555 2950

 

Zeus Capital Limited (Nominated Adviser and Joint Broker)

Antonio Bossi / Darshan Patel / Gabriella Zwarts

Tel: +44 (0) 203 829 5000

 

SI Capital Limited (Joint Broker)

Nick Emerson

Tel: +44 (0) 1483 413 500

 

Yellow Jersey (Financial PR)

Dom Barretto / Shivantha Thambirajah / Bessie Elliot

thor@yellowjerseypr.com

Tel: +44 (0) 20 3004 9512

 

About Thor Energy Plc

The Company is focused on Hydrogen and Helium exploration which are crucial in
the shift to a clean energy economy, with a portfolio that also includes
uranium, and other energy metals.

 

For further information on Thor Energy and to see an overview of its projects,
please visit the Company's website at https://thorenergyplc.com/
(https://thorenergyplc.com/) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCVELBFEQLLBBL