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D3 Energy Limited ( (AU:D3E) ) just unveiled an announcement.
D3 Energy Limited has announced its maiden reserves certification for the ER315 area in South Africa, marking a significant milestone for the company. The certification, conducted by Sproule ERCE, estimates net methane reserves of up to 17.36 bcf and helium reserves of up to 1.124 bcf. This development enables D3 Energy to submit its Production Right application ahead of schedule, potentially securing South Africa’s second onshore production license. The reserves cover only a fraction of D3 Energy’s total acreage, indicating substantial future potential for the company and its stakeholders.
More about D3 Energy Limited
D3 Energy Limited is a company operating in the energy sector, focusing on the exploration and production of methane and helium. The company is involved in developing onshore reserves in South Africa, with a significant emphasis on leveraging geological models to enhance production efficiency.
Average Trading Volume: 361,354
Technical Sentiment Signal: Strong Buy
For detailed information about D3E stock, go to TipRanks’ Stock Analysis page.