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Thor Energy Plc (ASX:THR)

ALERT: Price-sensitive ASX Announcement for THR
Current share price for THR : $0.009 0 (0%)+
Announcement
Release
24 Jun 2026 9:33AM
Price at Release
$0.009
Full Release
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Summary
Thor Energy PLC has awarded a major onshore 2D seismic acquisition contract for its HY-Range Project in South Australia. The contract was assigned to Velseis Pty Ltd. after a comprehensive bid evaluation process. This program, expected to run between Q3 and Q4 2026, will acquire approximately 464 line-kilometres of 2D seismic data, focusing on the highly prospective Torrens Hinge Zone. This area is significant for its potential in generating natural hydrogen and helium. The program is fully funded through non-core asset divestments, and aims to enhance the visualization of subsurface structures by integrating existing geological models and geochemistry results that show natural hydrogen readings of up to 3%. The objective is to refine exploration targets and facilitate a clear path to drilling by confirming leads and identifying new prospects. Thor Energy plans to finalize the full operational contract in the coming weeks and continues to progress through necessary regulatory and environmental permitting processes.
Key Points
  • Thor Energy PLC awarded a 2D seismic acquisition contract for the HY-Range Project.
  • The contract was given to Velseis Pty Ltd. after a bidding process.
  • The program will cover 464 line-kilometres in the Torrens Hinge Zone.
  • Focus on subsurface insights for hydrogen and helium generation.
  • Project is fully funded from non-core asset divestments.
  • Data will integrate with existing geological and geochemical models.
  • Aims to mature exploration leads and identify new prospects for drilling.
  • Full operational contract to be finalized soon, with regulatory processes ongoing.
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.