Thor Energy's strategic acquisition and assessment

Thor Energy Plc (ASX: THR) has engaged RISC Advisory Pty Ltd to conduct an independent assessment of natural hydrogen and helium resources at the PEL120 site in South Australia. This follows Thor's acquisition of an 80.2% interest in Go Exploration, which holds the PEL120 license. The transaction, approved by shareholders, positions Thor to explore South Australia's renowned resource potential.

Overview of Thor Energy's strategic moves

Thor Energy has acquired an 80.2% interest in Go Exploration, the holder of the PEL120 license in South Australia, following shareholder approval. This acquisition aligns with Thor's strategy to expand in the hydrogen and helium sectors, leveraging South Australia's promising resource location. The engagement of RISC Advisory to assess the site's resource potential marks the beginning of a detailed exploration and drilling plan. With a focus on clean energy resources, Thor Energy aims to solidify its position as a key player in the region, supported by a market capitalization of approximately A$14.5 million.

Executive insights on PEL120 assessment

The assessment by RISC Advisory is a critical step in quantifying the resource potential at PEL120, setting the groundwork for future exploration and drilling initiatives,' said Thor Energy.