Greenvale Secures Major Stake in EP145, Amadeus Basin

Greenvale Energy Limited (ASX: GRV) has successfully acquired a 75% interest in EP145, located in Central Australia's Amadeus Basin, after receiving Ministerial Consent. This completion follows Greenvale's initial announcement on March 28 and meets all conditions outlined in their previous agreement with Mosman Oil and Gas.

As part of the deal, Greenvale will pay Mosman $160,000 and will lead the upcoming Year 3 Work Program through its subsidiary, Greenvale Gas Pty Ltd. This development paves the way for further exploration works, including drilling in the Year 4 Work Program. CEO Mark Turner highlighted the significant growth and exploration potential this acquisition offers to shareholders, reinforcing Greenvale's position in the helium, hydrogen, and hydrocarbon markets.

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