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It is fairly obvious that the share price is going to blast off as soon as the preparation work starts at the drill site. GEX have done a small placing for £1M at the current low share price to limit dilution and to give them the funds to get the work started. Now, as soon as preparations for drilling are underway, and as soon as the share price rises to 10p, 15, 20p or whatever, they can then do a bigger placing at the much higher share price. For goodness sake it's not rocket science - just plain bloody common sense.

The unconfident management now has to believe that they are going to get the drill permit issued and they need to start the preparations and stop wasting any more time. Bloody drips.

Can someone email AH and tell him to get started please. The only thing wrong with this prospect and the whole business is the feeble management. They just haven't got a clue. They are a complete embarrassment - hence the bloody ridiculously low share price and m/cap. With some decent management, the share price here could easily be 50p - for a £60M m/cap - or even realistically twice that prior to spudding. How stupid they are.

Drilling of the well target at Hussar

Subject to the final drilling approval for the re-entry/drilling of the Hussar well, the company can commence repairs at the Airstrip, access roads, preparation of the drill pad and the scoping of site locations for the drill rig and crew.

They clearly do not need to wait for the final drilling approval. They have all they need to get started on this.

Maybe I am just an optimist, but it would be good to see something here along the lines of what went on at HE1 before the spud of their first drill. HE1 IPO'd at 2.8p and after the appointment of a drill contractor, the share price rose rapidly to 14p. They then did a placing at 10p - so way higher than the initial placing at 2.8p - and then as the rig was mobilised the share price continued to rise to over 21p. GEX have a similar huge prospect that runs into the hundreds of Bcf's of Helium and this sizeable prospect should be reflected in the share price and m/cap (which it is not at the moment).

By the way, I'm surprised that GEX management hasn't started things moving already. They don't need to wait for the final drill permit to be issued now that the Environmental Plan has been approved. Looking back at the HE1 news, pre their first drill they had all the prep work done and mobilised the rig on 29th April (2021) but the final drill certificate wasn't issued until 13th May (2021) with spud on 14th June.

There appears to be more hanging around over nothing going on here. Wake up AH please.

Well at least the latest results are out without any delays and suspension so the new auditors are still here and getting on with the job. Let's hope that the drilling contractors, who were appointed a while ago, are still active and ready to start the civil work as soon as the full drilling permit is issued (or even before if we were to believe previous posts by AH).

It's no wonder they don't do anything - Hamilton and Wallace that is - as they won't need to do anything, at least nothing beyond the first couple of drills. It's just a pity that they have taken forever and a day to get around to getting the first drill underway. Hopefully, there will be enough pressure from Halo (and Penspen) to embarrass them into finally getting a move on. £6M m/cap indeed. HE1 peaked at a £144M m/cap before their first drill - and that didn't even find the sweet spot!!!

Maybe the off-takers - Halo and Penspen - will take over the drilling operations soon. At least the two initial drills will get done quickly like that with Hamilton and Wallace firmly shunted off to the sidelines.

I'll add the link again - courtesy of HarriM - as it is actually huge news and worth both an RNS and a share price rise in its own right.

https://www.penspen.com/news/halo_capital_penspen_helium_hydrogen_australia/

Maybe I'll send the link over to Hamilton so he can read it too!!

Yes, the 500K seller might be selling at 50p or even more if the damned slowcoaches got a move on.

Funnily enough it only took the GEX management 3 days to review the off-take proposal and sign a MOU. That must be the quickest thing they've done since listing. It's maybe a shame that some third-party hasn't approached them with an offer to take over the whole drilling procedure for the 2 initial wells. That might get them done a bit quicker.

He did name Halo -- in the RNS of 28th August:

"Georgina Energy Plc (GEX.L), a helium, hydrogen and natural resources development company in Australia, announces it has today executed a Memorandum of Understanding ("MOU") for an Off-take agreement with Halo Capital Investments Ltd ("Halo" or the "Off-taker") relating to its Hussar and Mt Winter projects."

They were not named in the RNS dated 25th August which merely stated that GEX had received "an additional expression of interest for a potential offtake agreement, including pre-pay financing options"

I'm surprised that the news regarding the Halo/Penspen MOU hasn't moved the share price up on it's own even without the approval of the Environmental Plan and the imminent issue of the full drilling permit.

Rereading from the link yesterday:

"Halo Capital has partnered with global engineering consultancy Penspen to accelerate the development of two of Australia’s most significant energy redevelopment projects – Hussar and Mt Winter – unlocking vast helium and hydrogen reserves critical to global supply chains and the transition to cleaner energy."

"Hussar, located in Western Australia’s Officer Basin, and Mt Winter in the Amadeus Basin, Northern Territory, are recognised as prospects of significant national importance. With proven reserves and fresh drilling applications underway, both sites have the potential to deliver significant volumes of helium and hydrogen – gases central to medical technology, industrial processes and the decarbonisation of global energy systems."

and

"Upon securing funding, Halo Capital will be responsible for the delivery of processing facilities, including separation units for helium, hydrogen and cryogenic purification systems. Once operational, they will be solely responsible for storage, transport, export, trucking helium to Darwin, and converting ammonia to hydrogen. The agreement will enable Westmarket Oil & Gas, Georgina Energy’s wholly owned Australian subsidiary, to sell gas at the wellhead in its raw state, subject to a formal contract on commercial terms."

This announcement actually puts the project in the real world as so much of Hamilton's talk - as well as the deeply subdued share price - seems to have disappeared off to some kind of bonkers La La Land from where it seems to be reluctant to return.

Oh and maybe Hamilton should have made the market aware of the MOU as it directly affects Georgina Energy.

Just a couple of questions please. Who is Mike Stallard? Does he work for GEX or one of the Nomads/advisers or is he just a PI like you and me.

Also should the news re Halo and Penspen be RNS'd to the shareholders or is it just a deal between the two companies and nothing to do with GEX.

Cheers in advance.

The share price went from 4.5p to 11p earlier in the year when it looked like things were happening - now they really are happening so that would be nice for a start.

Lets hope that the full drilling permit is issued very, very quickly and then they can get on with the pre-drill preparations. Drills are ongoing all across Western Australia at the moment so there is no room for feeble excuses about the weather and flooding, etc. All things permitting and assuming the permit is issued immediately they can get the full preparations done with time to get the drilling started in about a month - which even fits in with their previous timescale albeit a year late. I would imagine that the actual drilling into a pre-drilled hole with further deepening at depth won't take that long.

£6M m/cap is a joke. HE1 went from a £14M m/cap on IPO to peak at £144M m/cap prior to the spud of their first drill. GEX are in a much better jurisdiction, with pre-drilled wells which have proven high grade Helium, very low costs and a better defined, cheaper and more practical route to production, plus lots of other potential producing wells in both basins. This is a crazy good opportunity

The interview was OK but a bit on the tame side. Maybe StockBox or the Sunday Roast team can get them talking and answering some more vital questions such as exactly how the drilling is progressing and when the first assays are due.

Pulsar Helium - £85M m/cap

Helix Exploration - £45M m/cap

Mendell Helium - £4.5M m/cap

If this all goes to plan there is huge potential for a multibag...............

The 'clowns are out' saying that this is a good deal.

'Let's see what happens today' - well buys were at up to 2.2p yesterday pre-funding news and buys are currently at 1.8p with the shareprice down 22% and falling.

It shows that some posters haven't got a clue and shouldn't even be posting their nonsense.