RE: Ready Steady and nothing happens.......................28 Apr 2026 14:29
The Company's technical consultants, Aztech Well Construction, continue to issue RFQs (Requests for Quotation and Supply) in support of the planned drilling programme, including for casing, wellhead, drilling rigs and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services.
The team has taken various images during the inspection which have been posted on the Georgina Energy website for stakeholders to view.
The drilling programme, site infrastructure, airstrip and access route civil works including water-well drilling, required to develop Hussar into a producing asset, will be funded solely by Harlequin Energy and their partners in a structured Offtake funding arrangement that is non-dilutive for Georgina shareholders. Civil engineering for access and site works are anticipated to commence in Q2 2026. (April-June)
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"The Company anticipates drilling of the Hussar prospect re-entry well in Q3, 2026 (July-Sept) and is moving ahead with the necessary preparatory planning and civil engineering works required to enable the testing of this exciting prospect. With 300 km2 of areal closure, it is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects in onshore Australia."