Greenvale Energy completes acquisition and receives Ministerial Consent

Greenvale Energy Limited (ASX: $GRV) has completed the acquisition of a 75% interest in EP145 in the Amadeus Basin in Central Australia after receiving Ministerial Consent on 29 April 2024. The completion of the Farm-in Agreement with Mosman Oil and Gas Ltd marks a significant milestone for the company, opening up an exciting new exploration and growth opportunity for its shareholders.

Executive Commentary on Acquisition and Future Prospects

We are delighted to confirm that Ministerial approval has been received, satisfying the final outstanding condition on the Farm-in Agreement with Mosman Oil and Gas. This has allowed us to complete the transaction and transfer the 75% interest to Greenvale's wholly-owned subsidiary. The acquisition of a potentially ultra-high-grade helium, hydrogen, and hydrocarbon exploration opportunity in the Amadeus Basin establishes an exciting growth platform for Greenvale in a dynamic and rapidly growing market. We look forward to unlocking the potential of this asset for our shareholders, alongside our flagship Alpha Torbanite Project in Queensland.

Summary of Greenvale Energy's Acquisition and Future Plans

Greenvale Energy Limited (ASX: $GRV) has successfully completed the acquisition of a 75% interest in EP145 in the Amadeus Basin, following the receipt of Ministerial Consent. The company's CEO, Mark Turner, expressed delight at the completion of the transaction, emphasizing the significant milestone it represents for Greenvale. The acquisition of an exploration opportunity in the Amadeus Basin, with a substantial Prospective Resource Estimate, positions Greenvale for growth in a rapidly expanding market. The company aims to unlock the potential of this asset for its shareholders while focusing on its flagship Alpha Torbanite Project in Queensland, demonstrating its commitment to delivering value and pursuing growth opportunities.