D3 Energy Ltd directors have strongly endorsed the company’s growth trajectory and energy strategy focused on providing new energy sources in South Africa by making recent on-market share purchases.
Chair Greg Columbus purchased 264,618 shares at A$0.075 per share for a total value of A$19,897, managing director David Casey bought 266,666 shares at A$0.075 each for a total of A$20,000 and non-executive director Matt Worner paid A$9,902 for 125,555 shares at A$0.079 per share.
Leadership confidence
As well as underscoring their belief in the company’s growth potential and long-term strategy, these on-market purchases demonstrate leadership confidence and signal the alignment of director interests with those of shareholders.
Buoyed by major milestones passed since the company’s successful IPO and listing in 2024, directors remain confident in the company and its potential to supply new natural gas and helium sources in an energy-hungry South Africa. This confidence comes despite tricky broader market conditions.
Exploration progress
D3 Energy has made strong exploration progress at its flagship ER315 asset in South Africa since the IPO with world-class helium concentrations of up to 9% recorded across multiple wells.
In a short period of time significant production testing successes have been notched up at RBD03, RBD10 and most recently at Nooitgedacht Major with these results reinforcing the strong prospectivity of ER315.
The company’s methodical exploration and appraisal programs are yielding critical data for future development and paving the path for further successes.
Importantly, listing on the OTCQB market in the US has broadened access for US investors and enhanced the company’s liquidity.