20th Feb 2026 15:42
(Alliance News) - Thor Energy PLC on Friday said it was jointly awarded two exploration licence applications in Southeastern Australia, along with its joint venture partner, H2EX Ltd.
The licences pertain to the Otway basin, and cover a combined area of 4,123 square kilometres, or just over one million acres, of hydrogen, helium, and hydrocarbon exploration footprint and potential.
Following the success of the applications by the South Australian minister of the Department of Energy and Mining, they will now progress through the standard permitting process before being granted as full exploration licences.
Thor Energy shares were up 3.3% to 0.63 pence each on Friday afternoon in London.
"We are thrilled to secure RSELA 810 and 811 alongside our joint venture partners, H2EX. The award of these licence applications is a fantastic milestone, representing a mature, oilfield-style approach to exploration where we can combine our technical strengths to unlock the immense potential of the Otway Basin," said Andrew Hume, chief executive and managing director.
By Martin Miraglia, Alliance News reporter
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