RE: Todays approval lead to......Getting on with it22 Oct 2025 15:23
26 Aug 2025 07:01 RNS Number : 6510W
OFFTAKE PROPOSAL & Helium-3 POTENTIAL
Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, has received an additional expression of interest for offtake and wishes to provide the following update.
Highlights
· Additional expression of interest received for a potential offtake agreement, including pre-pay financing options
· Proposed structure supports sale at wellhead, with the offtaker funding downstream processing facilities
· Sunk Cost Recovery of Georgina's prior investment
· High-grade helium confirmed in Amadeus Basin; historical reports indicate potential for rare, high-value Helium-3 (³He)
· ³He pricing quoted in 2024 exceeded US$70M per mcf, ~140,000 x the value of ⁴He
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 offtaker 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.
Helium-3 potential in the Amadeus Basin
Georgina's two major re-entry projects, Hussar in the Officer Basin (Western Australia) and Mt Winter in the Amadeus Basin (Northern Territory), are focused on the re-entry and testing of a combined independently assessed SPE PRMS 2U/ P50 Prospective Recoverable Resources of 430 BCF helium, 432 BCF hydrogen and 3,764 BCF of hydrocarbons (at 100% ownership level).
In response to recent investor queries regarding the potential presence of Helium-3 (³He) at Mt Winter and Hussar, the Company confirms that consultants have previously identified drilled evidence of exceptionally high grades of helium (ranging up to 9% helium) in the subsalt zones of the Amadeus Basin. While this is predominantly the more common Helium-4 isotope variation, previous reporting by the Australian Petroleum Producers Association (now the Australian Energy Producers) also documents the occurrence of the much rarer and highly valuable Helium-3 isotopic variation(³He).