Thor Energy PLC has appointed RISC Advisory, an independent energy advisory firm based in Western Australia, to conduct an assessment of natural hydrogen and helium resources within licence area PEL120 in South Australia. This assessment is part of Thor Energy's acquisition of an 80.2% stake in Go Exploration, with the transaction set to conclude soon pending final conditions. PEL120 holds significance as one of the few granted licenses for natural hydrogen and helium in South Australia. The Chairman, Alastair Clayton, expressed enthusiasm for the forthcoming acquisition, highlighting the swift action at PEL120 and the assessment's role in determining the resource potential. The evaluation by RISC will focus on identified targets on PEL120, aiming to establish a baseline understanding of resource size before further refinement in the first half of the following year, leading to potential drilling activities. Furthermore, post-acquisition, Thor Energy is anticipated to have a market capitalization of A$14.5 million, with strong financial reserves totaling approximately A$2.7 million in cash and tradable securities. Alastair Clayton emphasized the favorable comparison of Thor Energy's financial standing to other natural hydrogen companies in Australia and North America, indicating a positive outlook for the company's growth and development. This strategic move by Thor Energy reflects its proactive approach in capitalizing on the hydrogen market's opportunities, positioning the company for future success and growth. The assessment of key hydrogen assets signifies a step towards solidifying Thor Energy's presence in the evolving energy landscape.