Reached it's low !1 Sep 2025 10:16
Only 2 days before their 20m shares at 5p are added & TVR to be only 124m shares approx. Of course these will increase rapidly when a permit to drill is issued too. Very nice that a financial backer has come aboard.
Permit Approval Update: Westmarket Oil & Gas has received formal notification from the regulator, the Department of Mining, Petroleum and Exploration ("DMPE"), that all lodgement requirements for Hussar EP513 have been completed and accepted. The Company is now awaiting final drilling approval from the DMPE. Once granted, work will commence on the access to the Hussar well site to undertake repairs at the Hussar Airstrip and access road, as well as the construction of drilling, camp location pads and water wells.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth."