RE: NT to buy11 May 2026 12:37
GEX one to watch
Been difficult to buy last few trading days, rig news could be on its way, it’s just finished its last contract before heading to hussar for GEX
Should have many legs from current levels based on the sheer size of the prize
mkt cap £4.2m/3.25p
huge helium, hydrogen, gas structure to be drilled in Q3
In terms of size the aerial extent has been mapped to 300km2 targeting reservoirs beneath a thick salt regional seal
P50 estimates/net
Helium 283bcf
Hydrogen 315bcf
Hydrocarbons 2.9TCF
Hussar: Independent consultants confirmed that Hussar has the required elements to yield net attributable 2U Prospective Resources of 155 BCFG Helium & 173 BCFG Hydrogen, with a potential combined in-situ value of US$55 billion (He US$350/MCFG, H US$2.65/kg). Net attributable 2U Prospective (recoverable) Resources of 1.73 TCFG of Natural Gas with potential in-situ value of US$5.24 billion."
mkt cap of just £4m
Nearby wells drilled in 1980s - 100% success rate with high concentrations of helium / hydrogen
Slide 4 august presentation
hTTps://wp-georgina-energy-plc-2025.s3.eu-west-2.amazonaws.com/media/2025/08/Georgina-Energy-Presentation-AUGUST-2025-updates-Final-.pdf
Hussar 1 is a re entry to deepen the old well , which already proved up the basin has a working petroleum system with gas above the regional seal, but will now be de drilled beneath the the thick salt layer into the basement
hTTps://www.lse.co.uk/rns/GEX/hussar-ep513-drill-contract-2wukxwszodj9jxo.html
Rig has just finished its recent contract , nearby and GEX is next in line
hTTps://strikeenergy.com.au/announcements/7518213
$25m funding
hTTps://www.lse.co.uk/rns/GEX/hussar-ep513-drillingfunding-e1e3itnz25f2pda.html
“The drilling program and site infrastructure works required to develop Hussar into a producing asset will be funded solely by Harlequin and their partners in a structured offtake funding arrangement that is non-dilutive for Georgina shareholders.
The structured offtake funding arrangement is Georgina's preferred approach to financing future drilling, as it enables gas sales at the wellhead while avoiding significant capital outlay by the Company, thus making it a non-dilutive solution for shareholders.”
Next RNS confirmation of finalisation of rig contract will start the rerate
at these levels £4m mkt cap, $25m non dilutive funding and a monster $55billion drill in the near term offers spectacular upside from current levels
Timing
Helium tailwind - prices top end $700MCF double that $350 above for $55billion
hTTps://stockhead.com.au/energy/geological-helium-rising-to-new-heights-as-supply-constraints-hit/
They also planning mt winter re entry which is additional to the above offering similar upside
hTTps://www.lse.co.uk/rns/GEX/mt-winter-epa-155-alra-received-kqtus0yycghattu.html
Mount Winter: With seismically defined closure based on CPR 2U calculations of 3,400 acres, net attributable (recover