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Prominence Energy Limited ( (AU:PRM) ) has issued an announcement.
Prominence Energy Limited has requested a trading halt on its securities pending an announcement regarding the acquisition of a 100% interest in hydrogen and helium projects from Gawler Group Holdings Pty Ltd, and the outcome of a petroleum exploration licence application. This strategic move could significantly enhance the company’s portfolio in renewable energy, particularly in natural hydrogen, which is a low-cost, zero-carbon fuel source. The halt will remain until the announcement is made or until normal trading resumes on 21 August 2025.
More about Prominence Energy Limited
Prominence Energy Limited is an Australian Securities Exchange (ASX:PRM) listed energy company based in Perth. The company focuses on identifying high return on investment opportunities, particularly in conventional oil and gas, helium, green energy, and green hydrogen sectors. Key projects include a 100% interest in the Big Apple Prospect in the Gulf of Mexico and interests in Umine and ECOSSAUS Ltd, with the latter focusing on establishing solution-mined salt caverns for energy reserves.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.95M
See more data about PRM stock on TipRanks’ Stock Analysis page.