RE: Cash position is precarious27 Oct 2025 15:27
GEX has not one but 2 offtake agreements, the 2nd of which included
The proposed offtake agreement would include the sale of helium, hydrogen and natural gas in the form of Liquid Natural Gas (LNG), with the Company's wholly owned subsidiary, Westmarket Oil & Gas selling raw gas at the wellhead to an off-taker. The off-taker would be responsible for capital outlay for downstream processing facilities, including the separation units, PSA systems for helium/hydrogen separation and cryogenic systems for purification.
Importantly, the OFF-TAKER has also indicated the availability of PRE-PAY FINANCING to accelerate development. Negotiations are ongoing, and the Company will advise on any successful outcomes.
Partners wanting to pay for all surface costs and equipment requirements at the wellhead and beyond, Hussar-2 an extension of Hussar-1 discovery drill, drilled to 2,040m , with Hussar-2 only 3,200m, so a cheap date all round for GEX
Share price boost , final drill permit approval + additional news, raise the required at a much higher price and everyone is happy, unless a shorter burning like Bart's shorts...........GLA
Not as if this one should be like many others on/offshore Australia , A$15-35m, its a re entry and an additional 1,160m, through a SALT layer to a potential monster of a target reservoir. Then 2 others willing to pay surface costs.
Not many with GEX potential, come around in this sector..........GLALTH.