Protean Energy Limited (ASX:POW) is an Australian-based energy company focused on the exploration, development, and production of natural gas and oil resources. The company offers a portfolio of upstream assets including gas fields, exploration permits, and production licenses; it provides drilling services, geophysical surveys, and resource appraisal through joint ventures and operated projects. Protean Energy targets industrial and power generation markets in the Asia-Pacific region, with primary operations in Australia and Southeast Asia; founded in 2020 and headquartered in Perth, Western Australia, it maintains subsidiaries for regional asset management. In the past two years, the company completed a strategic alliance with a major Indonesian energy firm for joint gas field development in 2024; secured a A$15 million funding round led by institutional investors to fund exploration drilling; launched its flagship Ashmore gas project appraisal program; and expanded operations into Vietnam through acquisition of a 30% interest in an offshore block.