• Acquisition of 100% of Serpentine Energy and its natural hydrogen project in Kansas, USA
• Project located in active land rush area with historical observations of natural hydrogen
• Company expanding lease holdings and planning exploration drilling in 2H 2025

Top End Energy (ASX: TEE) has completed the acquisition of 100% of Serpentine Energy Pty Ltd and its 100% owned and operated natural hydrogen project in Kansas, USA. The project is located in an area that has experienced a surge in exploration activity, with numerous historical observations of natural hydrogen and a recent increase in seismic surveys, drill permitting, drilling, and flow testing. Top End Energy is now actively expanding its lease holdings in anticipation of upcoming drilling programs, while also conducting geological evaluation for its own exploration drilling in the second half of 2025. The natural hydrogen sector is attracting investment from major energy and mining companies, including Mitsubishi Heavy Industries, Osaka Gas, Fortescue, Rio Tinto, and BP, underscoring the growing confidence in natural hydrogen as a transformative energy source. With the Serpentine transaction complete, Top End Energy is pursuing additional in-field acreage to build a cohesive leasehold position, which will benefit future exploration and development by optimizing drill site planning, infrastructure placement, and operational efficiency.

As major energy players ramp up their investments in natural hydrogen, Top End Energy believes 2025 will be a breakthrough year that propels this primary energy source to the forefront of the clean energy sector. The company is now advancing development of the Serpentine Project to capitalize on this growth opportunity.