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Prominence Energy Limited ( (AU:PRM) ) has shared an announcement.
Prominence Energy Limited has achieved a significant milestone with the formal award of Petroleum Exploration License (PEL) 803 for the Gawler Hydrogen Project in South Australia. This award positions the company strategically alongside major players in the natural hydrogen sector, enabling it to advance high-impact exploration programs. The acquisition of PEL 803, part of a broader acquisition of Gawler Group Holdings Pty Ltd, marks a pivotal step in PRM’s growth, with the company set to commence exploration activities soon, pending regulatory approvals.
More about Prominence Energy Limited
Prominence Energy Limited operates in the energy sector, focusing on the exploration and development of natural hydrogen and helium resources. The company’s primary project is the Gawler Hydrogen Project in South Australia, positioning itself among a select group of natural hydrogen operators in the region.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.95M
See more insights into PRM stock on TipRanks’ Stock Analysis page.