InvestSMART

D3 Energy Limited (ASX:D3E)

ALERT: Price-sensitive ASX Announcement for D3E
Current share price for D3E : $0.340 -0.035 (-9.33%)+
Announcement
Release
8 Sep 2025 8:28AM
Price at Release
$0.375
Full Release
download
Summary
D3 Energy Limited has formally submitted a Production Right application for a portion of its ER315 permit in South Africa's Free State Province, which has been accepted by the Petroleum Agency SA. This submission, which was made approximately 12 months ahead of schedule and under budget, follows a maiden reserve certification affirming significant methane and helium reserves. The application includes a development plan for 16 initial wells along a fault line, with first sales of these resources targeted for late 2027 to early 2028. The application only covers a small portion of D3's portfolio, but highlights the company’s efficient planning and execution capabilities. D3 Energy is also continuing its exploration and development activities in both South Africa and Australia.
Key Points
  • Production Right application for part of ER315 formally submitted and accepted by Petroleum Agency SA.
  • Application lodged ~12 months ahead of schedule and under budget.
  • Follows maiden reserve certification confirming 10.91 bcf methane and 0.706 bcf helium.
  • Application area covers only 15% of ER315 and 9% of D3’s broader acreage portfolio.
  • Includes a development plan for initial 16 wells along Virginia fault line.
  • First sales of methane and helium targeted for late 2027 to early 2028.
  • D3 Energy is advancing its broader portfolio with ongoing exploration in South Africa and newly acquired permits in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.