Buru Energy’s wholly owned hydrogen and helium business 2H Resources has been building a substantial portfolio of prospective acreage in South Australia (SA), and is now progressing activity in Western Australia (WA).
“2H Resources has been an integral adjacency to Buru’s core natural gas development activity leveraging our extensive geological and operational expertise,” Buru chief executive officer Thomas Nador said.
“We are therefore delighted with the success of the adjacent operator in SA and the implications that has for our areas.”
2H Resources’ initial focus has been in South Australia where is has been confirmed as the preferred applicant for the grant of six South Australian Petroleum Exploration Licences (PELs) and including two additional applications for Gas Storage Exploration Licences (GSELs).
2H Resources has also recently applied for six Special Prospecting Authorities with Acreage Option (SPA-AO’s) under the Petroleum and Geothermal Energy Resources Act 1967 (PGERA) in WA.
These applications have been accepted by the Department of Mines, Industry Resources and Safety (DMIRS) in accordance with the PGERA as being valid and are under assessment.
These applications are the result of extensive geological research undertaken by 2H Resources technical team and follow the removal of the reservation on SPA-AO’s imposed by the WA government between 2021 and 2023.
“We are also very pleased that the WA Government has reopened the State for Special Prospecting Authority applications that has allowed us to apply for areas that we have identified as having high prospectivity for 2H Resources activity,” Nador said.
“We look forward to continuing to grow the 2H Resources business and adding value for all shareholders by innovative and timely portfolio enhancement.”