What company completed the 2H Resources sale?

Buru Energy finalised the sale to Koloma Australia.

Which assets were included in the divestment?

Hydrogen and helium tenements across South Australia, Tasmania, and Western Australia.

Is the Canning Basin included in this completed deal?

No, a separate agreement for selected Canning Basin blocks is still in progress.

Buru Energy completes hydrogen asset sale in All Ordinaries transfer deal

3 min read | August 07, 2025 05:00 PM AEST | By Team Kalkine Media

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Buru Energy completes hydrogen asset sale in All Ordinaries transfer deal — Image source: Shutterstock

Hydrogen business divestment finalised

The company has successfully completed the transfer of ownership of its wholly owned subsidiary 2H Resources Pty Ltd to Koloma Australia Pty Ltd. This agreement followed a formal Share Sale and Purchase Agreement that outlined the transfer of assets related to emerging hydrogen and helium resource tenements across several Australian states.

Assets transferred under this agreement include Petroleum Exploration Licence Applications and Gas Storage Exploration Licence Applications in South Australia, Exploration Licences in Tasmania, and Special Prospecting Authorities in Western Australia. These assets are now under the operational and financial management of Koloma Australia.

Operational control shifted to Koloma

All operational responsibilities, including work program commitments for the transferred tenements, have shifted entirely to Koloma. This move aligns with Buru Energy’s strategy of streamlining its portfolio and focusing on core development areas in its broader asset base.

asx200 companies like Buru Energy are continuously aligning asset structures to enhance focus on priority development zones while facilitating partnerships and deals that support long-term business goals.

Canning Basin asset transfer in progress

Separate from the completed divestment, Buru Energy is currently working alongside Koloma on the execution of a distinct Asset Sale and Purchase Agreement. This agreement covers a set of graticular blocks in Western Australia’s Canning Basin. These blocks are considered non-essential to Buru’s immediate plans and represent part of a rationalisation approach within the Canning Basin framework.

The Canning Basin has historically been a key exploration and development zone for Buru Energy. However, this latest move indicates a shift in focus, streamlining Buru’s regional commitments while enabling other players such as Koloma to explore and develop energy resources within the area.

Strategic alignment through asset rationalisation

The dual transaction approach underscores Buru’s broader strategy of refining its asset portfolio and progressing with resource transition initiatives. The energy sector, particularly those engaging in hydrogen and helium ventures, continues to attract structural adjustments that support exploration flexibility and jurisdictional partnerships.

With the hydrogen and helium markets experiencing increased attention, strategic asset realignment positions companies to explore technology integration and diversified resource planning. The involvement of new energy entities such as Koloma reflects evolving interest in hydrogen-based energy exploration.

Frequently Asked Questions

What company completed the 2H Resources sale?
Buru Energy finalised the sale to Koloma Australia.
Which assets were included in the divestment?
Hydrogen and helium tenements across South Australia, Tasmania, and Western Australia.
Is the Canning Basin included in this completed deal?
No, a separate agreement for selected Canning Basin blocks is still in progress.

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