RE: Harlequin - Georgina Website24 Nov 2025 10:22
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Alongside this relationship comes relationships with top tier banks who will also provide the required project finance and long-term debt needed to deliver the required infrastructure for the development of both Hussar and Mount Winter.
As per the required next steps, the management of Harlequin will be finalising the terms of the MOU on an exclusive basis, as well as setting out the timeframes and milestones for the development of the Hussar and Mount Winter assets, which are operated by GEX. Hussar, located in Western Australia’s Officer Basin, and Mount Winter in the Amadeus Basin, Northern Territory, are recognised as prospects of significant national importance.
With proven reserves and the required drilling applications underway, both sites have the potential to deliver significant volumes of natural gas, helium and hydrogen.
As the projects are developed, Harlequin will be responsible for the delivery of processing facilities, including separation units for helium and hydrogen. Once operational, Harlequin will be solely responsible for storage, transport, export of the produced gases.
This major milestone with GEX will enable the Parties to jointly develop the required next steps. On this basis, Harlequin have already engaged with one of the world leaders in oilfield services to start a paid study, which will focus on exploration reviews, drilling and completions, transportation of produced gases, development options and field economics.