Member Info for ifiknewidberich9

Would have thought so, at least an anticipation rise leading into next weeks auction.........GLA

View from Vox

If completed, this acquisition would materially scale Georgina’s helium and hydrogen exposure with advanced, data-rich re-entry targets. Prior flows and strong gas compositions at Mt Kitty, plus the size case at Dukas, offer a pathway to reserves and potential near-term cash flow, though timing hinges on approvals and financing.

At Mt Kitty, Georgina is evaluating a re-entry well that would incorporate a 500 metre horizontal section aimed at enhancing flow from naturally fractured basement and potentially intersecting the flanking Heavitree Sandstone play.

On completion of the transaction, Central Petroleum would hold 25% of Georgina Energy. The deal remains subject to Ministerial consent from the Northern Territory Department of Mining and Energy, Santos' consent under the relevant JOAs to the change of ownership, a shareholder vote and a fundraise of at least £7 million.

georgina energy (gex

follow

) has signed a conditional deal with central petroleum (asx: cpt) to acquire interests in three advanced re-entry targets in australia’s amadeus basin, expanding its portfolio beyond hussar and mt winter. the assets include interests in mt kitty (ep125 - 30% interest), dukas (ep112 - 45% interest) and mahler/magee (ep82 - 60% interest).

the eps are subject to existing joint operating agreements (joas) with santos qnt pty ltd.

the targets have been previously drilled and flowed to surface with high concentrations of helium, hydrogen and hydrocarbons. notably, mt kitty flowed 500,000 standard cubic feet per day to surface with up to 9% helium and 11% hydrogen, alongside around 40% hydrocarbon gases. at least one well in the basin has a recorded presence of helium isotope 3 (3he).

dukas is described as a mega-structure and potentially the largest identified helium, hydrogen and hydrocarbon prospect to date in australia. the company intends to convert existing contingent and prospective resources to proven and probable reserves where applicable.

https://www.**********.com/articles/georgina-energy-to-acquire-three-advanced-re-entry-targets-in-australia-s-amadeus-basin--1be4a2a

Fundraise for new assets could be MONTHS away, GEX progress on Hussar/Winter and we could be looking at a raise at a much higher sp and lower dilution rate, as seen recently with Hussar, permits and permissions do not happen overnight.

Near term, it is still all about Hussar potential Drill December 2025 / January 2026, after up to 50 days (last site visit RNA over rns) preparations work.

Hussar drilling soon and hopefully Mount Winter to follow quickly on its heels. We are not the operator of the new assets, Aussie Major SANTOS is, so work programs and planning, will be controlled by them. Will take time to complete permits exchange etc for the new assets, so 🤞🤞🤞🤞 by the time the new assets being re entered (again not new wells) hopefully GEX, will have re-entered Hussar gone sub salt , found the expected monster reservoir and be in the money to pay Santos cash calls when they come. Be that from production (offtake agreements x2) or a much , much higher Market valuation/sp. 🤔👍

Key details

Location: Amadeus Basin, Northern Territory, Australia

Drilling: The original Mt Kitty-1 well was drilled in 2014 by Santos.

Production: On test, the well flowed 500,000 SCFGD of gas. **************************

Gas composition: The flow contained a blend of hydrocarbons, helium (up to 9%), and hydrogen (up to 11%). ************************

Current status: Georgina Energy is an active explorer in the area, having recently acquired interests that include Mount Kitty.

Resources: An Independent Competent Person's Report in March 2025 identified both prospective and contingent resources in the exploration permit

Santos No2 and was recently approached as an $18 Billion takeover target by No1 Australian company Woodside and ADNOC Abu Dhabi National Oil Company.

https://www.blackridgeresearch.com/blog/latest-list-of-top-largest-biggest-oil-and-gas-companies-firms-in-australia?srsltid=AfmBOoqHma5PiqIlXnX6tbrAxHDzb3gO_bLLHd_0MKnHufz0AFpCTVWj

https://www.globaldata.com/companies/top-companies-by-sector/oil-gas/australia-companies-by-reserves/

Only the WORLD MAJOR's above Woodside/Santos for Oil and Gas Australian ops.........

https://www.mordorintelligence.com/industry-reports/australia-oil-and-gas-market/companies

Santos Limited, an Australian multinational oil and gas company headquartered in Adelaide, South Australia. It is involved in the exploration, development, and production of oil and gas, supplying natural gas and liquefied natural gas (LNG) to domestic and international markets, primarily in Asia. The company is a major Australian domestic gas supplier and operates across various countries.

https://www.santos.com/

GEX just got an invite to the big boys table.........how real is that..........GLA

GEX now in bed with one of Australia's biggest Gas production companies, SANTOS is the operator of the new assets.

Santos gearing up for Helium exploration

CENTRAL Petroleum is farming down three Amadeus Basin permits to the private Peak Helium, which will free carry the former for two sub-salt helium exploration wells.

Santos retains its existing share of all the permits.

It marks a return to onshore helium exploration for SANTOS, which remains OPERATOR, whose Bayu Undan field that sends gas to the Darwin LNG plant is set to close, It is Australia's only commercial source of helium.

Australia's sub-salt basins have always been seen as prospective for helium and more recently native hydrogen, given the thick seals trap the tiny molecules in a way other formations do not.

One will target the 2014 hydrogen find at Mt Kitty by Santos, which never flowed commercial rates of the gas but was considered one of Australia's first native hydrogen finds. Mt Kitty also recorded a 9% helium concentration. Anything over 2% is considered extremely high.

Bayu Undan, conversely, is only 0.1% but its LNG-sized scale makes it commercial.

"The exploration program will also target naturally occurring or "gold" hydrogen which makes up a relatively high 11.5% of the gas found at Mt Kitty-1," Central said today.

Some stuff of the others website.........

EP 82 Maghee-1

Gas was discovered at Magee‑1 in 1992 where a test at a depth of 2,340 m flowed gas at a stabilised rate of 63 Mscfd, comprising natural gas, helium and nitrogen from a 6m zone of Heavitree Formation. Seismic data indicates a possible up dip location (Mahler) which has been identified as a site for a future exploration well. Other Heavitree/fractured basement leads within the block (Jackalope and Wolpertinger) are based on potential field data and are targets for natural gas and helium, however, additional seismic acquisition will be needed to delineate the leads.

EP 112 Dukas-1

This permit contains a variety of structural styles, and several leads have been identified from potential field data and the extensive 2013 regional seismic program. Seismic acquired in 2013/14 and 2016/2018 identified the giant Dukas prospect at basement level. The Dukas-1 well was drilled in mid-April 2019 targeting natural gas and helium from the Heavitree Formation, which flowed at sub-commercial rates from Magee 1. Drilling was suspended due to extremely high pressures before penetration of the Heavitree Formation or basement. Drilling mud samples indicate the presence of hydrocarbons and helium. This permit contains a variety of structural styles, and additional Heavitree Formation/fractured basement leads (Sculthorpe, Beethoven, Grainger, Percy, Mozart) have been identified from potential field data as well as the previous seismic programs. A second Dukas well is being planned.

EP 125 Mt Kitty

In 2014, the joint venture operated by Santos drilled the exploration well Mt Kitty 1 to test a large basement structure with closure up to approximately 200 km². The target Heavitree Formation reservoir was absent, but hydrocarbon and helium gas flows were recorded from fractured igneous basement, opening a new play type. This permit contains a variety of structural styles, and additional opportunities have been identified from potential field data and the extensive 2013 and 2016/2018 seismic data.

Central Petroleum has reached agreement with its joint venture (JV) partner, Santos QNT Pty Ltd (Santos) on the forward plan for the prospective multi-tcf (trillion cubic feet) Dukas prospect in EP112 in the Northern Territory’s Amadeus Basin.

Key points

Updated mapping incorporating results from Dukas-1 exploration indicates the structural closure appears to be in excess of 400km², making it one of the largest-known onshore conventional gas prospects in Australia.

AP

Was honest in the results RNA update released 31st October over the GNW news wire , relayed over rns wire

paying of debt

with legacy parcel AND alternate funding sources

clear as it gets, he is not convinced the Diamonds alone will do it and is holding in place a back up.

Empyrean is not in a position to make any announcement on this matter at the current time but will provide an update to the AIM market as soon as possible.

As expected nothing to say yet , curtesy RNA response ............

EME could respond to the RNA on ASX 's ANN news wire but having informed of the ongoing process, would be curtesy not mandatory. More likely they will wait until they also have the full details, before pinging their own RNA update out over the rns wire.

As for value, most assets are valued by reserves and regional risk factors, NOT potential production value over X number of years.

EG

Last time the POO was over $100 a barrel , the USA as always top ranked with a value of $12.50 a barrel , while Syria was the bottom at $2

At the same time sales deals in the USA averaged $8.50 a barrel proven reserves........never as simple as it's worth £xm when sold today.

Standard conversion for a few years has fluctuated 1 TCF Gas = 170m-180m Boe

It's why so many oil and gas share boards are littered with, wtf , it's worth way more than this, another ten bags at least etc, etc

As in reality its value is what a buyer is willing to pay NOW , on a potential 10 , 20 , 30 years production. Not on all sold today and all newer comes out of any reservoir.

First target still REMAINS that 0.17p current 52wk high..........GLA

The deal involves multiple approvals, as you know from Hussar, that can take time, GEX could have successfully drilled Hussar by the time the money required, what price GEX then, on raising the £ 7m quoted in todays RNA update over rns wire..........

The higher it goes, the lower the dilution factor..........GLA

Likewise the minimum is the share nominal for GEX 5p, even raising at the low , would still leave GEX with an outstandingly low share base for an oil and gas company, look around the market, many in the multiple billions of shares, including our own BP was 18 billion, until windfalls from high prices the past two years/buy backs now have it down to 15.35 billion shares.

If GEX end up at 300m shares, a share price of £1 and MC of £300m is still low for all it would have in its Portfolio of assets.

As previously posted many a market minnow has soared to MC's of £250-500m on hope and unicorns, 88E about 10 times so far.

RKH when low based , Falklands 5p to £5.72p on 500mbo Sealion

Its always about achievable MC, never sp, unless a trader, skimmer or scalper.

Investors look at the big picture, the investing the next spike..........GLA

Yes Caspar, Santos one of Australia's bigger companies BUT others have been trying to buy them out for the past 3 years, so gaining in on some of their assets, is a bit of a coup for our minnow.

Abu Dhabi National Oil Company (ADNOC) was the most recent takeover target for the Australian energy company Santos, but its $18.7 billion bid collapsed in September 2025. This was the third failed takeover attempt for Santos, following a previous bid from Woodside in early 2024.

Playing with the big boys now..........GLA

HEARING THE HERD HAVE HEARD................

Anything can and often does happen, when a share gains a following herd wind 😜

Come on the REDDIT wind, it took 88e to MC of £250m - £500m on TEN occasions when hoping to find a sweetspot that might flow in an area saturated in Oil..........GEX now garnering ATTENTION...........GLALTH

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"We are delighted to sign a transformational transaction with Central Petroleum, which, if completed, would bring enormous upside for shareholders and longevity to our business. A naturally fractured reservoir, Mt Kitty (EP125) already has drilled 2C Contingent Resources, which the Company plans to convert to Proven and Probable Reserves, adding valuable production barrels and cash flow to Georgina's portfolio. We're excited to explore Dukas, as a considered mega structure, as well as develop Hussar and Mt Winter, as planned.

Multiple additional proven gas RE-ENTRIES, added to GEX portfolio..........HUGE.........😲🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

Does not say at what price the money will be raised, or at what point, once deals permissions granted (weeks/months away) GEX could have Hussar drilled by then.........GLA

AND

He-3 is not 20,000 times more than He-4 , it fluctuates 80,000 - 140,000 times more

see media and more recently RNA updates on rns news wire , on GEX and PULSAR Helium..........GLA