D3 Energy Limited (AU:D3E) has released an update.
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D3 Energy Limited has announced the successful renewal of its exploration right for the flagship ER315 project in South Africa, extending the period for an additional two years until August 2026. This allows the company to either renew again or apply for a Production Right, securing tenure over the asset for potentially 30 years. The renewal follows considerable progress in exploration and production testing, with recent tests at the RBD03 well yielding a flow rate almost double that of previous tests.
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