D3 Energy (ASX:D3E) Shares Lose 13% Today: Helium and Gas Program Updates in View

Sonal Goyal

30 October 2026 11:55 AM AEDT

D3 Energy (ASX:D3E) Shares Lose 13% Today: Helium and Gas Program Updates in View

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Key Highlights

D3 Energy (ASX:D3E) traded at $0.225, down 13.46%, during the Trading session on 30 October 2026.
Two wells were drilled to total depth at Nooitgedacht in the ER315 permit in South Africa, and both encountered gas.
Five new Technical Cooperation Permits covering about 47,000 acres were awarded in the Free State.

D3 Energy Ltd (ASX:D3E) shares traded at $0.225 during the trading session on 30 October 2026, down 13.46%. The company explores for gas and helium in South Africa and South Australia, and is listed on the ASX with an OTCQX quotation. Its quarterly activities report for the period ending 30 September 2026 was released on 29 October 2026, one day before the share move, so the two are discussed separately. The report covered drilling, permit awards and a first certified prospective resource.

Latest Development: Quarterly Report (29 October 2026)

Two wells were drilled to total depth at Nooitgedacht in the northwestern area of the 100 per cent owned ER315 permit in the Free State, South Africa. The company said both wells encountered gas while drilling, and the program was completed on time and on budget.

Five new Technical Cooperation Permits, numbered TCP280 to TCP284, were awarded by the Petroleum Agency of South Africa. They cover about 47,000 acres contiguous with the company's existing Free State permits.

Permits, Resources and Helium

After quarter end the ER315 and PR016 areas were granted Strategic Integrated Project status. The company also reported a maiden independently certified prospective resource for the Hydrohelix and Cootanoorina prospects within its 100 per cent owned PEL121 permit in South Australia.

Remedial cementing re-established gas flow at well NGT245E, and a gas sample confirmed a helium concentration of 5.2 per cent, reported after quarter end.

Company Background

D3 Energy explores for Natural Gas and helium, with its main activities in the Free State of South Africa and in permit PEL121 in South Australia. The company is listed on the ASX and has an OTCQX quotation. Its activities involve drilling, permit administration and the assessment of prospective resources across its permits.

Reporting Scope and Limitations

The quarterly report describes drilling, permits and a prospective resource. Prospective resources are an estimate of potential quantities that have not been tested to commercial standards, and the report does not give a development timetable or Capital cost for any of the prospects.

Sector Context

Exploration for natural gas and helium depends on permit access, drilling results and the regulatory framework for projects in each country. Helium Supply is limited, and explorers in this area are assessed on helium concentration and the prospectivity of permits, which the company's disclosures describe.

Risks

Prospective resources are not reserves, and the company has not yet established commercial production. Gas encountered during drilling does not establish flow rates or recoverable volumes. The permits are subject to government processes, and the company's South African activities depend on regulatory conditions.

What Lies Ahead

The company expects to advance work on the Nooitgedacht wells and the new permits. Further updates on the prospective resources and the helium results are expected in future reports.

Final Word

D3 Energy fell 13.46 per cent during the trading session on 30 October 2026, one day after its quarterly report described gas-bearing wells, new permits and a first prospective resource. Future reports will show testing results and the progress of the permitting process.

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