Edison Investment Research - TTE PETROLEUM LTD (PV1) Provaris Energy - Impressive progress towards 2026 targets

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Edison Investment Research

Toby Thorrington

Provaris Energy - Impressive progress towards 2026 targets

Provaris Energy is making material strides towards its goal of producing and supplying green hydrogen in 2026. These include the development of a new class of vessel, the GH2 carrier, the construction of an H2 production facility in Northern Australia and the delivery of a feasibility study in Western Australia for HyEnergy. If successful, the project is expected to produce attractive internal rates of return (IRRs) and be scalable in multiple global regions. Finally, at the recent AGM, shareholders approved the change of the company name from Global Energy Ventures to Provaris Energy.

06/06/2022 1 EN

Underlying

TTE PETROLEUM LTD

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AU0000222002 Australian Securities Exchange Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Toby Thorrington

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Provaris Energy - Impressive progress towards 2026 targets

Provaris Energy - Q4 activity accelerates decisively

Provaris Energy - European collaboration MOU signed

Provaris Energy - Project de-risked by class approval

Topps Tiles - Accelerating growth through Q125

Baillie Gifford US Growth Trust - A unique high-growth strategy meriting support

Greggs - More challenging environment in H224

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