PESA NSW August 2026 Technical Lunch: Gerard Ryan

D3 Energy is a natural gas and helium developer listed on the Australian Securities Exchange on 13 May 2024.

Its cornerstone asset is Exploration Right ER315 in South Africa’s Free State Province, a major onshore permit covering approximately 811 km², and situated immediately east of Renergen Limited’s producing Virginia Gas Project.

Initial drilling across ER315 has delivered world-class helium concentrations exceeding 5%, confirming the Company’s geological model and establishing the region as a globally significant helium province.

This exploration success has since been reinforced by substantial regulatory and technical progress. The Company has completed a maiden reserve certification over part of ER315, defining 1P reserves of 7.21 BCF and supporting its Production Right Application, which has now been formally accepted by South Africa’s Petroleum Agency (PASA).

In addition to ER315, D3 holds multiple permits in South Africa, including ER386, TCP 273, ER391, ER392 and ER393 bringing its total landholding in the region to just under 2000 km². These assets are defined by their low-cost nature and high prospectivity, making exploration and development economically competitive.

In June 2025, D3 Energy expanded into Australia, securing PEL 121 and PEL 122 in the Arckaringa Basin, South Australia. These permits, covering ~5,865 km², mark a strategic entry into a frontier basin with growing interest in helium and clean hydrogen exploration. Since acquisition, the Company has also commenced farm-out discussions for the Hydrohelix prospect to support future drilling activity.

D3 Energy now operates in two geographies, South Africa and Australia, with a dual-hemisphere portfolio targeting critical energy and industrial gases.

In South Africa, the Company’s work is vital in a region facing severe energy shortages. Its focus on identifying and developing natural gas reserves supports the country’s transition toward a more reliable and sustainable energy future.