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D3 Energy Limited ( (AU:D3E) ) has issued an announcement.
D3 Energy Limited has had three new Exploration Right applications in South Africa’s Free State Province formally accepted by the Petroleum Agency SA, extending over areas previously held as Technical Cooperation Permits and contiguous with its core ER315 permit. The move broadens the company’s onshore gas and helium footprint and initiates the next regulatory phase, including environmental authorisation processes and public consultation.
Management framed the accepted applications, alongside the recent grant of TCP 273, as a meaningful step in advancing its onshore gas and helium strategy and consolidating a prominent position in a highly prospective fairway. The expanded portfolio is expected to underpin future appraisal activity and potential commercial pathways, supporting D3 Energy’s efforts to de-risk and scale what it describes as a world-class resource in the Free State region.
More about D3 Energy Limited
D3 Energy Limited is an ASX- and OTCQB-listed exploration company focused on onshore petroleum and gas resources, including helium, in South Africa’s Free State Province. The company is advancing a technically driven portfolio centred on its flagship ER315 permit and related production rights, targeting a strategically significant gas and helium resource base.
Average Trading Volume: 28,946
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$48.12M
Find detailed analytics on D3E stock on TipRanks’ Stock Analysis page.