RE: Re entry30 Oct 2025 12:00
On those costs, GEX now have 2 offtake agreements in play, including the more recent Halo MOU
Georgina Energy Plc (GEX.L), a helium, hydrogen and natural resources development company in Australia, announces it has today executed a Memorandum of Understanding ("MOU") for an Off-take agreement with Halo Capital Investments Ltd ("Halo" or the "Off-taker") relating to its Hussar and Mt Winter projects.
Halo's management team brings extensive experience in growing and managing global energy businesses, including major gas developments. Halo is supported by established capital from family offices and fund investors supporting companies operating in highly regulated energy markets.
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The agreement grants Halo a 12-month non-exclusive option to acquire the rights to 100% of helium, hydrogen and natural gas produced from Georgina's current projects and any future projects.
The agreement will enable Westmarket Oil & Gas to sell the gas at the wellhead in its raw state, subject to a formal contract on commercial terms, thereby minimising the Company's exposure to costly capital infrastructure.
Key highlights:
· Westmarket Oil & Gas Pty Ltd is able to sell gas at the wellhead in its raw state
· The Off-taker will be solely responsible for the processing facilities, including separation units for helium, hydrogen and cryogenic purification systems, at its own expense
· Georgina's sunk costs will be recovered
· Pre-pay financing and optional funding to accelerate development will be available
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· The option will become exclusive upon the Off-taker providing proof of funds and execution of a formal contract
· The Off-taker will be solely responsible for storage, transport, export, trucking helium to Darwin, and converting ammonia to hydrogen
· Westmarket Oil & Gas must deliver completed flow tests identifying volumes and composition of the gas
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