Member Info for Jungmana

Step by step we are getting there. Good to know there are parties interested in buying the Tantalum too.Good rns there

The Company has engaged Aztech Well Construction to project manage the well re-entry at Hussar EP513 in the Officer Basin. Aztech is highly experienced at providing well project management and engineering solutions with over 14 years of experience managing drilling operations in onshore Australia having drilled over 40 wells in the Perth Basin between 2011 and 2023.

Re-entry Hussar EP513 Officer Basin Western Australia

· Westmarket Oil & Gas Pty Ltd, Georgina Energy's wholly owned operating subsidiary is anticipating the well re- entry program commencing in December 2024, subject the granting of a Drilling Permit from DEMIRS.

· The company plans to extend the original well drilled in 1982 to 2040m TD to 3400m to penetrate the subsalt Townsend Formation, the subsalt target reservoir which has been independently assessed to host large volumes of Helium, Hydrogen and gaseous hydrocarbon prospective recoverable resources.

· Previous exploration wells drilled in the 1980's in the Officer Basin targeted oil and did not penetrate the now targeted subsalt Townsend Formation; the basal sandstone of the Officer Basin which is the lateral equivalent to the Helium, Hydrogen and gaseous hydrocarbon bearing Heavitree Formation in the Amadeus Basin; both basins being sub-basins of the Neoproterozoic Centralian Superbasin.

· The Company is currently completing the required process for engineering design, HSE and environmental approvals as well as meeting its obligations under the Native Title Land Access agreement.

· The re-grading of the immediately adjacent airstrip along with site preparations is proceeding as planned.

· The Company and its consultants have also determined that the Hussar 1 wellhead top plate has an inspection valve fitted which will be inspected by Aztech for any possible pressure buildup prior to re-entry.

· Aztech's Senior Well Engineer, Connie Callison, has been assigned to work with the Company's technical team. She has extensive and comprehensive specialist experience in well intervention, drilling and completions, having previously worked for Chevron in both Australia and the USA.

· Georgina Energy has clearly stated its aspirations to become a global partner in the Helium and Hydrogen market and this program forms a critical part of its well re-development program.

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

"Georgina Energy has spent the past five years investing over GBP6.5million, with GBP2.5million contributed by the Directors, to develop its strategy of well re-development in Australia. This program aims to achieve positive outcomes in the exploration for natural gas, hydrogen and helium. The execution of the Hussar contract marks the first step in proving this concept."

Thanks for feedback guys.

Am still here with a sizeable holding .

Just got a small top up of 14,950. Profits from my trading account. Every little adds

Any dog on AIM can make you money.

Back to 0.15p as the bulls are back in charge

Totsl sale of EMEs 8.5% share of Mako will imo not even cover the Company's debt which now stands at approximately $13 million.

Dream on folks the total annual revenue for eme will be $24 million from Mako which adds to approximately $266 million for the life of the field ( 11 years production).

In the meantime one of the worst ceos in AIM history Kelly is probably trying to do another placing.

So far 4.7 billion shares issued over the last 8 months.

Won't surprise to see another one soon.

Good day punters

For the last time I will say this.

EMEs share is NOT worth $266 million. That figure is expected revenue over 11 years to eme . You cannot use that as valuation for the company.

Do you know the capex to get Mako into production?

Is hundreds of millions of $.

EME will be extremely lucky to get $10 million for the 8.5% of Mako.

Good night

86kB , those numbers are over 11 years of Mako production .

Get your facts right

Henry dont be stupid. $266 million over 11 years is approximately $35 million revenue each year.

No one will pay more than $10 million for 8.5% of Mako. Kelly will snap your finger off for half that.

Let me explain it in another way the $266 million figure is NOT a valuation of EME. It is a share of the projected revenue from Mako over 11 year production period.

I know you derived the figure from the $3 billion 11 year total projected revenue for Mako .

Mr H stop fooling yourself. EMEs 8.5% is not worth $266 million.

I will explain to you as I know how you hot that figure.

The total revenue from Mako is estimated at $3 billion over 11 years. Thatt is about $300 million annually. Take 8.5 % of that which is roughly $25 million annually to EME.

I see a lot of misinformation on this board and clueless posts.

Why are some punters hanging onto the Mako farm out dream as if EME has a huge share in.the project that it can farm out.

All EME has is 8.5% of Mako and there is no.point in reducing that any further. The Indonesian authorities will instruct the sale of the whole lot as won't want many partners all just holding tiny portions.

Conrad are the once with 91.5% share and can farm out and intend to do so.

As for EME any sale of the 8.5% share is unlikely to achieve anything more than $10 million ( which wont even cover EMEs total debt)

Kelly may be cooking another placing . Just watching the trades since Friday

He has already issued 4.6 billion since November

Bought 4 million for a trade. Will take 0.15p exit

Over 13 billion i meant traded in last 2 weeks

Volume tradec over last 2 weeks is more than 3 billion shares .

That is an indicator imo.

Not fundamentals but rise will be on trading Volume

Based on traded volumes over last one week, imo you lot will soon see a good rise here.

Possibly 0.20p in a week or 2.

All imo.

Be careful this is 50% overvalued compared to Conrad.

Most importantly the ceo is not to be trusted as still.can issue 2 billion more shares before September agm.

He has already issued 4.6 billion shares over the last 8 months.

You will be lucky if anyone sale of the 8.5% of Mako even covers the Company's total debt .

Who will pay more than that for potential annual revenue (not profit) of about $30 million?

Remember emes projected revenue from Mako of about $300 million is a total over a period of 11 years.

Simple facts;

Conrad own 91.5% of Mako and also have 2 other projects in Indonesia. There market cap as today is GBP 80 million about..

EME owns just 8.5% of Mako and have no other project. Market cap GBP 7 million and total debts of about $13 million ( see the interim results rns of 18th December 2024) the debt is made up of CLNs and about $2 million owed to Conrad.

And worth noting Kelly the ceo is rubbish. A man who diluted from 1.2 billion shares in November to 6 billion today and wasted most of that money.

You decide for yourself .

Have a good day.

*Conrad market cap today about GBP 80 million i meant.

Typo