Prominence Energy (ASX: PRM) has announced its agreement to acquire Gawler Group Holdings, marking its foray into exploring high-value natural hydrogen and helium reserves in South Australia. The acquisition includes nine petroleum exploration licence applications (PELAs) covering the Northern Hinge and Eyre projects. By entering this agreement, Prominence joins other companies like Thor Energy (ASX: THR) and D3 Energy (ASX: D3E) in the pursuit of valuable hydrogen and helium resources, following the successes of Gold Hydrogen (ASX: GHY) at Ramsay in SA. Ian McCubbing, the Chair of Prominence Energy, highlighted the strategic importance of the Gawler project, emphasizing the exposure it provides to the emerging natural hydrogen sector. The company sees potential synergies with recent investments in natural hydrogen companies, signaling increased activity in Australia and globally. The acquisition endows Prominence with a diverse exploration portfolio encompassing various hydrogen and helium source systems with substantial resource potential. Preparations have commenced for exploration programs to advance prospects towards drilling decisions. Studies on local uranium deposits within the Eyre project have indicated the generation of hydrogen and helium as by-products of mineralization. Furthermore, a significant conductivity anomaly identified through regional data may aid in the migration of primordial hydrogen to the surface. Under the agreement terms, Prominence will issue Gawler 475 million shares, along with unlisted options and performance rights contingent on certain conditions. These conditions include shareholder approval, due diligence, and a capital raising of $1.75 million. Prominence is optimistic about the transaction, aiming to capitalize on the growing interest in natural hydrogen and helium resources.