Good news IPO for Georgina6 Apr 2023 13:02
MSMN's EP-155 (Helium) JV partner Georgina Energy to IPO on AIM in weeks.
So this IPO is very close to listing now. The funding closes next week (31st March). Listing date will be confirmed very shortly thereafter.
MSMN can finally monetise EP-155, Georgina to develop it for 75% working interest / 25% to Mosman + a further option to free carry Mosman for 15%.
Finally happening. Interesting times. EPA-145 has progressed to.
The numbers are off the chart:
EP155 Mt Winter: Amadeus Basin
"The Mt Winter-1 well was drilled to a depth of 2,650m TD..."
"With seismically defined closure based on CPR 2U calculations of 3,400 acres, nett attributable Prospective (recoverable) Resource volumes to the Company of Helium are 111 BCFG, Hydrogen 102 BCFG and natural gas 0.91 TCFG with respective in-situ values of US $38.51 billion, US $0.62 billion and US $2.72 billion."
"Georgina Energy has an initial program to complete seismic, and then re-enter and/or side track the existing well to develop the Hydrogen, Helium and natural gas."