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some other nice reads

three previously drilled wells have encountered high concentrations of helium (up to 9pc) and hydrogen (up to 11pc). georgina has an initial programme to complete seismic and then re-enter the existing well to develop the gases.

**********************************/2024/06/the-race-for-helium/

a nice article by aws, for those unfamiliar amazon web services became a major player in the industry around 5 years ago, assisting woodside, in making processing of seismic in hours/days, vice the usual 1 - 2 years timeframes for their projects. now expanding tech and knowledge into other areas of the sector.

https://wp-georgina-energy-plc-2025.s3.eu-west-2.amazonaws.com/media/2025/04/georgina-energy-plc-scoping-study-hussar-february-2025.pdf

https://www.woodside.com/docs/default-source/media-releases/woodside-uses-large-scale-computing-to-deliver-seismic-results-in-hoursb9a8bf3d-c0ac-446f-9091-f935d0083aec.pdf

For others, that below Ministry report, shows multiple wells drilled in the Officer Basin and the Hussar Formation was where Shell left its drilling, still above the salt, with the primary target , the Browse Formation below it, multiple wells back then drilled into the basin in widespread locations, Browse appearing to be the Formation of most interest. From the drilling done, they know Hydrocarbons present BUT would agree finding the sweet spot, always the key.

For those not around at the time, many Majors and Tier1 companies drilled over 50 wells into the North Sea, before the first commercial discovery.

Oil and Gas from any individual well never 100% certain, or we would all be Billionaires, after every investment in a major drilling event...... 🤑😲

That's from a different more recent report, do keep up and try a little research yourself, you will be amazed what you come across..........in the green bin you go bieeeeeeeeeeeeeeeeeee

Government Western Australia (GWSA) report on the Officer Basin 2002, referring to the Hussar formation, with the real target the Browse formation underneath the Hussar formation. (Hussar 2 , extending Hussar 1 depth to real target)

GSWA contracted Durrant and Associates (1998) to provide an interpretation of the seismic data, using final stack processed sections and migrated

processed sections where available. This seismic data was tied to the synthetic seismograms of Hussar 1, Dragoon 1, and Kanpa 1A, using formation tops interpreted by GSWA. The following horizons were interpreted in the Gibson area by Durrant and Associates (1998): Lennis marker, Top McFadden Formation equivalent, Base McFadden Formation equivalent, Top Steptoe Formation, Top Kanpa Formation, Top Hussar Formation, Top Browne

Formation, Intra-Browne Formation marker (near-top mobile salt), near-base salt (Browne Formation), and near Base Neoproterozoic. Only selected horizons are included in this study (Plate). Steep dips induced by salt diapirism produced data out of the plane of the seismic sections, therefore making interpretation in their proximity difficult. This is especially apparent on the seismic lines acquired parallel to the main salt walls in the northern portion of the area (Plate). These walls disrupted the sedimentary succession and necessitated jump-correlating seismic events to continue the interpretation across them. This methodology, though reasonable in most cases where there are sufficient seismic data (Durrant and Associates, 1998), is unreliable in the Gibson area where there are widely spaced regional seismic lines.

Full 47 page report by the Ministry below, read for yourselves and make your minds up on the potential of the target below salt ,Browse Formation underneath the Hussar Formation (wonder why they called it that?.

https://library.dbca.wa.gov.au/static/Journals/080325/080325-80.pdf

The Beetaloo Basin , was likewise ignored until recent years, now in full swing with a 3rd The Central facility plant/refinery being built at Darwin for its production.

🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞 our basin rapidly progresses like it has.........GLA

Read the room, why do you think they already have, not one but TWO offtake agreements, BEFORE DRILLING. 🙄🤦‍♂️

They know gases in place, probably leaking up from under the lower salt area, they just don't know how much is under the Hussar-1 Discovery well.

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

Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth.

Nope , just documented FACTS, they drilled, they discovered Gases and moved on, a common scenario back then, nearby East Timor waters ( just above Darwin) Kelp 14.5 tcf (2.5 billion barrels of oil equivalent) , Sunrise , Chuditch 5+ Tcf with upside, discovered by Shell , Phillips Petroleum (now Conoco Phillips) and Mobil (now Exxon Mobil) 1974 and 1998 x 2, all huge Gas with upside, abandoned by Majors, as likewise looking for Oil. All now starting to get some attention as gas now in vogue, similarly other regional Gas discoveries abandoned offshore Indonesia and the Philippines.

Shell, 3-4 years ago after being hammered with huge fines by the Hague courts, the ceo came outside and declared company now moving away from oil, to concentrate on Gas and future Blue/Green Energy/Gas projects (H , He , Ammonia) and control and running of their infrastructure, others have made similar statements since.

Ideal scenario here, the known above salt Gas discoveries are greatly exceeded by the beneath salt main reservoir (abandoned before depth Hussar1) and one of the Majors (all already have other operations in /offshore Australia) swoop in to take all / or control of assets worth many tens of $ Billions. Giving GEX and holders a very nice payday. 👍

Hussar-2 is an extension of Gas discovery Hussar-1, not a wildcat drill.......GLA

Hard one to gauge Frogman, earlier deals done with payments in shares at 1.25p above the price at the time, more recent to creditors at 0.75p.

Fingers crossed they return an let it run first, the assets are worth MANY BILLIONS, hopefully news comes with the return.

As we know from other released information, they are looking for £5m for immediate requirements, so have to suspect, like many a slippery bod, it's already in the pipeline and will start forward selling on return , into the euphoria of the long awaited return of a share with a brokers note for 23p and more to come (massive assets) Which probably means an early crashing back to earth initially, not far from the previous 0.75p.

Hoping to be dead wrong but seen it tooooooooooooooooo many times before, to expect it not to be the case. With the new assets, will be mega under valued and once the churn over, should run like a bear in the woods chasing lunch.......GLA

If Carlsberg did rns wire , RNA updates for NEO, it would be afterburners on , raise at 5-10p, churned in 2 days and off to 25p , lol

Thanks NEO, pretty much as asked for in my 9:52 post yesterday...........Nice RNA update over rns news wire , on the last day of the current window......

A short and sweet, simple RNA update please NEO

All asset transactions progressing with the ...............and we remain on course to return to the London Market this month......... 👍

Hussar-2 is appraisal to production, not a WILDCAT, it extends on GAS DISCOVERY well HUSSAR-1

The original Hussar-1 well drilled in Western Australia in 1982 was a SUCCESSFUL GAS DISCOVERY, encountering high concentrations of helium (up to 9%) and hydrogen (up to 11%) in the Heavitree Formation, but it did not reach the target reservoir depth, stopping just above it in salt. Georgina Energy plans to re-enter and deepen the well to unlock commercial potential for helium, hydrogen, and natural gas, a project that has seen updated resource estimates and progressed through regulatory and environmental approvals

If this is on the same lines, as some previous Eastern European drills I have been in, all had gas above the salt BUT the main prize has always been much larger/huge reservoirs below the salt layer, 🤞🤞🤞🤞 , this also has aptly, a huge reservoir, DOWN UNDER..........👍

Also, if you do a little research, you will find Australia ahead of the game, a few years ago started converting many of their refineries to HYBRID's , Natural Gas plus preparations and installations for future Blue/Green Gas projects, so many already positioned for He , H and NH3 (Ammonia) Got to love the Aussie hotspot postcode, for all things , Energy , Metals, Minerals , Gems and REE....... 👍

Spot on the money Miker, huge transformational figures in play, without even mentioning HE-3 being worth incredible multiples v standard Helium (He4)

Todays AI on He-3

Helium-3 costs about 100 000 dollars per kg, way more expensive than gold. Normal helium, which is almost exclusively helium-4, costs, like, 10 dollars per kg. That’s because helium-3 does not exist on Earth in minable propotions. It must be manufactured by neutron activation of lithium which produces tritium. Tritium then decays into helium-3 with a half-life of more than 10 years. Only small amounts of helium-3 are produced, mostly for research, because it has some very peculiar properties like for example a much lower boiling point.

Summary , GEX now in a position , once permits approved, to quickly drill and pass on production to 2 offtake agreements, with the added prospect of incredibly valuable Helium 3 also in the mix.....GLA

Helium (4) Hydrogen and Natural Gas..........some very healthy REVENUES

Find Helium-3 at commercial levels and we are going to need a bigger calculator.............. 👍

And additionally from the 26th August RNA update via rns news wire

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).

³He is exceptionally rare and is thought to originate deep within the Earth's mantle, migrating up fault and fracture systems into crustal reservoirs where it can be found in trace amounts mixed with ⁴He.

The projected usage of ³He includes nuclear fusion for clean energy, quantum computing, cryogenics, medical imaging, and nuclear monitoring. Due to its scarcity, ³He commands significantly higher prices compared to ⁴He, with Gold Hydrogen Limited ("GHY") quoting pricing in 2024 in excess of US$70 million/mcf-approximately 140,000 times the price of the ⁴He helium isotope.

Notably, reported ³He concentrations of up to 901 ppt (parts per trillion) in GHY's Ramsay-2 well in South Australia are considered significant. However, gas analyses from the Amadeus Basin show ³He levels of up to 1,100 ppt, as reported by Dr Chris Boreham in "Helium in the Australian Liquefied Gas Economy" (APPEA Journal, Jan 2018 p.219) - approximately 22% higher than the maximum concentrations reported in GHY's South Australian project.

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

"To be in receipt of further offtake interest adds strength our position as we continue to derisk Georgina's key projects. The terms of the proposed agreement are very encouraging and align with our scoping study recommendations and wellhead sales strategy.

In addition, the potential for high levels of Helium-3 reported by Australian Energy Producers in the Amadeus Basin underscores the strategic importance of our planned re-development programme and may represent an opportunity for further value creation, with the possibility of an additional income stream subject to the success of planned flow testing."

28th August RNA part 2

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

· 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 reserves

· Following receipt of flow tests, the Off-taker will conduct a detailed review and assessment to finalise commercial terms

Permit Approval Update: Westmarket Oil & Gas has received formal notification from the regulator, the Department of Mining, Petroleum and Exploration ("DMPE"), that all lodgement requirements for Hussar EP513 have been completed and accepted. The Company is now awaiting final drilling approval from the DMPE. Once granted, work will commence on the access to the Hussar well site to undertake repairs at the Hussar Airstrip and access road, as well as the construction of drilling, camp location pads and water wells.

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

"Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth."

28th August RNA update over the rns news wire

OFF-TAKE MOU EXECUTED AND PERMIT UPDATE

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.

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.

A short and sweet, simple RNA update please NEO

All asset transactions progressing with the ...............and we remain on course to return to the London Market this month......... 👍

If sticking to the an update (sometime in a two week window) last one falling on the last possible day, Tomorrow would be once more the last day. So does he stick to his word for once and we get another RNA update over rns news wire Friday, or as they do, he superseded that, with the line in the RNA update on the 19th September...... 🤔

The Company extends gratitude to its shareholders for their continued patience and support. Further updates will be provided as the Company advances through the final stages of this process.

AKA, many a ceo/bod speak for, whenever we have something solid to say............fingers crossed a good news RNA update tomorrow...... 👍

Todays AI Overview on the price of Helium 3

The price of Helium-3 varies but can be as high as $96,000 per gram (or $17 million per litre) according to a recent BBC Science Focus estimate. Other recent estimates range from **$18.7 million per kilogram** to ~$50 million per kilogram. This extremely high price reflects Helium-3's extreme scarcity and critical uses in advanced technology and research, with supply on Earth unable to meet demand.

Let's just hope, GEX has enough to be commercial and meet some of that, astronomically priced demand........ 🤔

Now come on OZ, lets go, approvals and permission to DRILL ...........GLA

Just simply the prices a google brought up at the top of the list for today. Here's some recent BBC Science stuff.

BBC Science Focus has published articles on Helium-3, highlighting its potential as a future nuclear fusion fuel due to its clean fusion product and its abundance on the Moon, where it was deposited by solar wind over billions of years. The magazine has also discussed its role in quantum computing for cooling purposes and its potential presence within Earth's core, which could reveal more about the planet's formation.

Helium-3 as a Future Energy Source

Nuclear Fusion: Helium-3's potential is linked to its use in fusion power, which involves fusing light elements to release energy.

Clean By product: Unlike nuclear fission, fusion of helium-3 produces regular helium as a residue, which is a non-reactive and non-toxic waste product.

Lunar Deposits: The moon's surface contains significant quantities of helium-3, which accumulated over billions of years from the solar wind. This makes the moon a potential source for future mining.

Helium-3's Other Applications

Quantum Computing: The ability of helium-3 to achieve extremely low temperatures makes it suitable for cooling systems, which are essential for the operation of quantum computers, according to BBC Science Focus Magazine

Helium-3 and Earth's Core

Planetary Formation: There is debate about the presence of helium-3 in Earth's core, with its quantity potentially indicating the rate at which Earth formed.

Geological Mystery

Its existence in Earth's core, if confirmed, could provide important clues about the planet's early history.

Also this on the role of it in the Earths development, for the science geek's of the board

https://www.sciencefocus.com/planet-earth/secret-realm-hidden-earths-core

Nothing more than in response to the previous poster claiming the natural gas was worth more, when in FACT, standard helium is worth more and helium 3, if we have that in the mix, is worth an astronomical multiple more, due to its potential uses, including Nuclear fusion, which would itself produce a residue waste product of standard helium, which can be sold on for other uses, a very clean FUTURE energy source.

A commercial source of Helium 3 on Earch, worth a fortune, Scientists have often theorised mining it on the MOON, as it is abundant.

GEX worth an incredible amount IF it confirms a commercial field, worth many multiples of that, IF He-3 also at commercial levels.........GLA