RE: Little tree shake21 May 2026 08:30
The MOU with GEX will provide Harlequin with the exclusive option to acquire the rights to 100% of the helium, hydrogen and natural gas produced by GEX from their two gas redevelopments at Hussar and Mount Winter.
The required backing was provided by a Colorado based family office, with investments and assets under management of over nine billion dollars and who have been a long-term partner of Harlequin as a provider of long term committed capital. The backer is privately held and invests across the full spectrum of oil and gas, real estate and banking. They have executed numerous high value transactions with both public and private companies in the US, Canada, Western Europe and the Middle East.
The family has been active in the oil and gas business for more than three generations through their own independent oil company, which has been active as an operator both onshore and offshore energy exploration and development in the U.S., Canada and the Eastern Mediterranean. This includes deep-water drilling and development in the Gulf of Mexico and the Eastern Mediterranean.
Alongside this relationship comes relationships with top tier banks who will also provide the required project finance and long-term debt needed to deliver the required infrastructure for the development of both Hussar and Mount Winter.